0000914208-13-000507.txt : 20131015 0000914208-13-000507.hdr.sgml : 20131014 20131015092530 ACCESSION NUMBER: 0000914208-13-000507 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20131015 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131015 DATE AS OF CHANGE: 20131015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Ltd. CENTRAL INDEX KEY: 0000914208 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 980557567 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13908 FILM NUMBER: 131150519 BUSINESS ADDRESS: STREET 1: 1555 PEACHTREE STREET NE STREET 2: SUITE 1800 CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: 404-892-0896 MAIL ADDRESS: STREET 1: 1555 PEACHTREE STREET NE STREET 2: SUITE 1800 CITY: ATLANTA STATE: GA ZIP: 30309 FORMER COMPANY: FORMER CONFORMED NAME: Invesco Ltd DATE OF NAME CHANGE: 20080508 FORMER COMPANY: FORMER CONFORMED NAME: Invesco PLC DATE OF NAME CHANGE: 20080429 FORMER COMPANY: FORMER CONFORMED NAME: Invesco Ltd. DATE OF NAME CHANGE: 20071205 8-K 1 form8k10152013.htm form8k10152013.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

FORM 8-K
 

CURRENT REPORT
 
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): October 15, 2013
 

Invesco Ltd.
(Exact name of registrant as specified in its charter)
 

         
Bermuda
 
001-13908
 
 98-0557567
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
 
     
1555 Peachtree Street, NE, Atlanta, Georgia
 
30309
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: (404) 892-0896
 
n/a
(Former name or former address, if changed since last report.)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 

 

 
 

Item 8.01
Other Items.

On October 15, 2013, Invesco Ltd. issued a press release announcing the April 2014 departure of Neil Woodford, Head of UK Equities, Invesco Perpetual.  A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.



Item 9.01
  Financial Statements and Exhibits.
 
 
(d)
Exhibits.
 
     
Exhibit No.
  
Description
99.1
  
Press Release, dated October 15, 2013, issued by Invesco Ltd.




 
 

 


SIGNATURES
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
  Invesco Ltd.  
       
 
By:
/s/ Kevin M. Carome  
    Kevin M. Carome   
    Senior Managing Director and  
    General Counsel  

 

 
Date: October 15, 2013
 

 
 

 


Exhibit Index
 
     
Exhibit No.
  
Description
99.1
  
Press Release, dated October 15, 2013, issued by Invesco Ltd.
EX-99 2 exhibit9910152013.htm exhibit9910152013.htm
Exhibit 99.1
 
 
              Press Release

              Neil Woodford to leave Invesco Perpetual on
 
              29th April 2014, with fund responsibilities transitioning to
 
              Mark Barnett and the Invesco Perpetual UK Equities team
 
 
October 2013

Invesco Perpetual today announced that, after 25 years, Neil Woodford will be leaving the company on 29th April 2014.

Neil will remain responsible for all funds for which he is the named manager through a transition period during the six months prior to his departure.  At the end of the transition, Mark Barnett will be named manager of the Invesco Perpetual High Income Fund and the Invesco Perpetual Income Fund. Mark will then succeed Neil as Head of UK Equities.

With immediate effect, the UK equity components of the Invesco Perpetual Monthly Income Plus Fund and the Invesco Perpetual Distribution Fund will be managed by Ciaran Mallon alongside the existing fixed income managers Paul Causer and Paul Read.

Mark Armour, CEO of Invesco Perpetual, said: “Neil has served clients of Invesco Perpetual with commitment for over 25 years. It has been a privilege for us all to work alongside him, and I understand that, after 25 years, he is ready for new challenges.”

He added:  “We have planned for succession for many years and have built a world-class investment culture that develops and supports gifted and experienced managers.  Mark Barnett is an exceptional fund manager who has the same active, value-driven investment approach and long-term focus as Neil.  A key member of the UK Equities team for 17 years, Mark has a first-quartile track record over one, three, five and 10 years.

“We are confident that Mark, Ciaran and the UK Equities team will continue to do an excellent job for clients.”
 
 
 
 

 
 
Neil Woodford said: “I leave the company on good terms and remain fully committed to my fund management responsibilities at Invesco Perpetual until my departure. The Invesco Perpetual High Income Fund, Invesco Perpetual Income Fund and other client mandates will be transitioned into the hands of my long-standing, experienced colleagues.  I wish my colleagues all the best for the future.”
 
He continued: “My decision to leave is a personal one based on my views about where I see long-term opportunities in the fund management industry.  My intention is to establish a new fund management business serving institutional and retail clients as soon as possible after 29th April 2014.  There will be no further comment at this stage.  Further announcements about my new business will be made after I have left.”

Mark Armour concluded:  “Our overriding priority is to look after our clients’ interests through a well-ordered transition process.  Invesco Perpetual has highly experienced, talented investment teams, market-leading capabilities and the resources of a global company.  We will continue to focus on delivering good outcomes for our clients.”


– ENDS –


About the Invesco Perpetual investment team
Invesco Perpetual currently manages more than £70 billion across a wide range of asset classes for clients in the UK and across the globe.  As of 30th September 2013, 98% of the assets under management were above benchmark over five years.  You can learn more about Mark Barnett, Ciaran Mallon and the Invesco Perpetual investment team by visiting www.invescoperpetual.co.uk/ukequitiesteam.



For more information please contact:
 
Jane Bland
Invesco Perpetual
01491 417188
Jane_bland@invescoperpetual.co.uk




 
 

 
Notes to Editors
 
This press release is intended for trade press use only. Please do not redistribute.

Invesco Perpetual is part of Invesco Ltd, A leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Further information about Invesco Perpetual can be found at www.invescoperpetual.co.uk

Issued by Invesco Asset Management Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire RG9 1HH, UK.  Authorised and regulated by the Financial Conduct Authority.

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