Full Annual Report - Inchcape

Governance
Corporate governance report continued
Investor relations
Shareholder profile
As at 31 December 2009 the Company had 8,837 holdings on our
register of ordinary shareholders (2008: 7,745).
The distribution of holdings by size are shown in the table below:
Inchcape share register at 31 December 2009
By size Number Number
of investment of holdings % of shares %
Up to 1,000,000 8,530 96.5 206,912,103 4.5
1,000,001 – 10,000,000 227 2.6 772,669,526 16.7
10,000,001 – 25,000,000 44 0.5 692,329,511 14.9
25,000,001 – 50,000,000 14 0.2 438,432,426 9.5
50,000,001 – 100,000,000 13 0.1 888,199,855 19.2
Over 100,000,000 9 0.1 1,632,171,553 35.2
Total 8,837 100.0 4,630,714,974 100.0
Source: Computershare
Further analysis of the share register at the year end is shown in the
pie charts below.As at 31 December 2009, 69% of the total share
register was held on behalf of investment institutions such as
pension funds, mutual funds, insurance funds and funds managed
for private individuals.The majority of funds are managed from the
UK including 7% in Scotland.
Share register analysis by holder
Other
31%
Private
investor
6%
Insurance
companies
9%
Share register analysis by geography
Israel
7%
Europe
5%
USA
13%
Source: JP Morgan Cazenove
Rest of World
13%
Pension funds
14%
Unit trusts and
mutual funds
40%
UK
62%
Significant shareholdings
As at 9 March 2010, the following notifications of substantial interests
in the Company’s issued ordinary share capital had been received
pursuant to the provisions of the Companies Act 2006 and DTR5:
Holding No. of shares % Holding
Mr George Horesh 414,877,810 8.99
Prudential plc 388,519,165 8.43
BlackRock Inc 299,768,603 6.51
Axa SA 238,435,478 5.18
Schroders plc 229,421,483 4.98
F&C Asset Management plc 228,273,216 4.96
FIL Limited 226,777,954 4.92
Legal & General Group plc 184,091,394 3.99
Aviva plc 181,563,408 3.94
Source:TR-1 notifications received since the Rights Issue was completed.These are updated
on the Company’s website.
Communication with shareholders
The Board recognises the importance of maintaining good
communication with its shareholders to ensure a mutual
understanding of the Company’s objectives and performance and
in order to understand their issues and concerns.A comprehensive
investor relations programme has been in place for many years.This
is managed by the Group Chief Executive, Group Finance Director
and Director of Corporate Affairs who meet with existing and
prospective institutional investors on a regular basis.The Chairman
and Non-Executive Directors are also given the opportunity to meet
institutional shareholders.The Senior Independent Non-Executive
Director is available to shareholders if contact through normal
channels is inappropriate. Other meetings are held for investors and
analysts that cover a wide range of issues including strategy,
performance and governance. In total, during the year, members
of the Board, and Investor Relations met over 170 existing or
prospective shareholders or their representatives at these meetings,
roadshows and at conferences.
During the year shareholders are kept informed of the progress of
the Company through the Preliminary announcement,AGM, Interim
announcement, Interim Management Statements and of any other
significant developments through press releases.These are made
available to the London Stock Exchange and simultaneously
available on the Company’s website www.inchcape.com along
with other information about the Company.
Presentations were held for analysts on the days of the release of
our annual and half year results. Recorded conference calls are
also held on the release of Interim Management Statements for
analysts.These presentations and calls are recorded and published
on the Company website so that all investors may access them.
The Board is equally concerned with the views of private
shareholders.The Group Company Secretary manages day to day
communication with these shareholders and they are actively
encouraged to give their views using the prepaid reply form issued
each year with the AGM documentation.This is particularly useful
for shareholders unable to attend the AGM in person or engage
with the Directors and shareholders are invited to raise any matters
62
Inchcape plc ¦ Annual Report and Accounts 2009