Feb 11 (Reuters) - AMP Ltd AMP.AX :
* FY20 NPAT (UNDERLYING) OF A$295 MILLION (FY 19: A$439 MILLION)
* RESOLVED NOT TO DECLARE A FINAL DIVIDEND FOR FY 20
* COMMITTED TO RESTARTING GROUP'S CAPITAL MANAGEMENT INITIATIVES INCLUDING DIVIDENDS, SHARE BUYBACK AND OTHER CAPITAL INITIATIVES IN 2021
* CLIENT REMEDIATION PROGRAM IS NOW 80 PER CENT COMPLETE AND ON SCHEDULE TO FULLY COMPLETE IN MID-2021
* ADVISED LAST NIGHT BY ARES THAT IT DOES NOT INTEND TO PROCEED WITH ITS NON-BINDING INDICATIVE PROPOSAL FOR 100 PER CENT OF AMP
* CONTINUES TO ENGAGE CONSTRUCTIVELY WITH ARES IN RELATION TO AMP CAPITAL AS PART OF PORTFOLIO REVIEW.
* CONCLUDED REVIEW OF THESE ASSETS.
* CONTINUES TO REVIEW OPTIONS FOR MAXIMISING ABILITY TO GROW AND INVEST IN AMP CAPITAL INCLUDING EXPLORING PARTNERSHIP OPTIONS
* REVIEW CONFIRMED STRATEGY FOR AMP AUSTRALIA AND NEW ZEALAND WEALTH MANAGEMENT BUSINESSES LIKELY TO BE OPTIMAL OUTCOME FOR SHAREHOLDERS
* GOOD PROGRESS MADE WITH COST DELIVERY IN 2H 20 WITH BENEFITS EXPECTED TO FLOW INTO 2021 Source: https:// Further company coverage: AMP.AX