2nd May 2006 16:09
Henderson Group plc02 May 2006 TLI settles with SFC 2 May 2006 Henderson Group announces today that the Hong Kong Securities and FuturesCommission (SFC) has completed its investigation into complaints from clients ofUKFP (Asia) HK Limited, formerly Towry Law (Asia) HK Limited (Towry LawInternational or TLI). These clients had invested in Circus Capital ProtectedGrowth Fund Series 1 and 2 (PGF 1 and 2) and certain geared with profit products(geared products). To conclude the disciplinary proceedings conducted by the SFC and withoutadmission of liability to investors, TLI has agreed to settle claims made byeligible investors in PGF 1 and 2 and geared products in accordance with schemesagreed with the SFC. As part of the closure of TLI in 2004, Henderson Group raised a productmis-selling provision for possible claims arising from alleged inappropriateadvice given to certain TLI clients. This provision is considered sufficient tocover the potential cost of the settlements to be made under the schemes agreedwith the SFC. Henderson Group plc4 BroadgateLondon EC2M 2DARegistered in EnglandNo. 2072534 ABN 30 106 988 836 Notes to editors About Henderson Group plc Henderson Group plc is headquartered in London and listed on the London andAustralian stock exchanges. It is a member of both the FTSE 250 and the ASX 200indices. Henderson Group consists of Henderson Global Investors, a leadingEuropean based investment manager with over £67.7 billion of assets undermanagement, and the Corporate office. The focus of the Group is to build the asset management operations into a moreprofitable and valuable business. About Towry Law International (TLI)TLI became a fully-owned subsidiary of Henderson Group in December 2003. In May2004, TLI was closed to new business, following a strategic review by the Groupand in light of difficult market conditions. About the Hong Kong Securities and Futures Commission The Securities and Futures Commission (SFC) is an independent non-governmentalstatutory body outside the civil service, responsible for regulating thesecurities and futures markets in Hong Kong. The Geared Products subject to the settlement scheme are:- All with profits investments arranged by TLI with Clerical MedicalInternational where, on the advice of TLI, the amount invested was geared by aloan secured on the with profits investment.- All with profits investments arranged by TLI with Scottish MutualInternational where, on the advice of TLI, the amount invested was geared by aloan secured on the with profits investment. The Circus Capital funds subject to the settlement scheme are:Circus Capital Protected Growth Funds Series 1Circus Capital Protected Growth Fund USD Series 2Circus Capital Protected Growth Fund Euro SeriesCircus Capital Smoothed Growth Plus Fund - AUDCircus Capital Smoothed Growth Plus Fund - GBPCircus Capital Smoothed Growth Plus Fund - YEN Further information www.henderson.com or Investor enquiriesMav WynnHenderson Group Head of Investor Relations +44 20 7818 [email protected] Media enquiriesUnited Kingdom - FinsburyAndrew Mitchell +44 20 7251 3801Australia - CanningsGloria Barton +61 2 9252 0622 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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