AMP warns shareholders on below-market offer
AMP has warned shareholders against the latest below market offer for their shares, which were valued at $6.92 at the close of trading yesterday.
AMP chief Craig Dunn urged shareholders to be cautious of any unsolicited offers for their shares and, in particular, an offer made by Australian Share Purchasing Corporation for $5.35 per share.
“With the current volatility in markets it is easy for investors to get confused about the value of their shares.
“We strongly urge our shareholders to reject this unsolicited offer,” Dunn said.
AMP shareholders are advised to consult their financial planner or contact the AMP Share Registry for further information.
Recommended for you
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
The number of active advisers on the HUB24 platform has risen to more than 5,200, helping it see quarterly inflows of $5.2 billion.
ASIC has banned a Melbourne-based financial adviser for eight years over false and misleading statements regarding clients’ superannuation investments.
CFS has formed a strategic partnership with the University of Sydney to support the responsible development of AI solutions in the wealth management sector.
