AMP Ltd is warning New Zealand shareholders not to accept
unsolicited offers to buy their shares at prices
significantly below their current market value.
Some AMP shareholders have recently received such offers
through letters from a group called Share Buyers Pty Ltd.
In a letter, provided to the Otago Daily Times, Share
Buyers offered to buy the 400 AMP shares owned by a Dunedin
investor for $A916 ($NZ1117), despite the market value of the
shares being $A2140.
Share Buyers were offering $A2.29 a share when they were
trading at $A5.35.
AMP's external relations manager Veronica Ruddenklau said AMP
was in no way associated with the offer and she urged
shareholders not to accept it.
Shareholders who might be considering any offer for their AMP
shares should. -
• Check the current market price of AMP shares. The price
could be found in the business sector of most major daily
newspapers or through the ASX on www.asx.com.au
• Carefully check the terms and conditions of the offer.
• Seek independent advice from a qualified professional
adviser.
AMP would be concerned if any shareholder unintentionally
accepted an offer to sell their shares for less than market
value, she said.
By law, anyone may get shareholder details from a publicly
listed company. The company had no legal means by which to
refuse the request for such details.
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