Wood Group has combined with Amec Foster Wheeler to form a new global leader in the delivery of project, engineering and technical services to energy and industrial markets. To find out more about Wood visit our new website at www.woodplc.com

Warning to shareholders

Please be aware Amec Foster Wheeler shareholders have received unsolicited telephone calls asking them to buy carbon credits, offering discounted share options for our company, or a preferential option to invest in shale oil. Amec Foster Wheeler would never approach you in this way. We suspect the calls are part of a scam and would like to remind our shareholders to remain vigilant at all times. Please see the warning below for further information on what you should do if you are contacted in this manner.

Share scams like this are often run from ‘boiler rooms’ where fraudsters cold-call investors offering them worthless, overpriced or even non-existent shares. While they promise high returns, those who invest usually end up losing their money.

Boiler rooms use increasingly sophisticated means to approach investors offering to buy or sell shares in a way that will give investors a huge return, often using the names, registration numbers and addresses of authorised firms and individuals in an attempt to convince consumers of their legitimacy. But in the end, victims are often left out of pocket – sometimes losing all of their savings or even their family home.

How it works
The callers obtain your details from the company share register. This is a publicly available document, so it is relatively easy for someone to access your name and address. They then look to other sources of information, such as the various directory enquiry services to obtain your phone number.

If you are contacted:

  • Make sure you get the correct name of the person and organisation and make a record of any other information they give you, for example telephone number, address, web address
  • If you receive telephone calls, emails, letters purporting to be from Amec Foster Wheeler or from companies endorsed by Amec Foster Wheeler and you are unsure if they are legitimate, please contact us on +44 (0)20 7429 7500 for clarification. Alternatively send us an email or complete the contact form to the right
  • Check that the caller is properly authorised by the Financial Conduct Authority (FCA) - the regulatory body that has replaced the FSA - before getting involved by checking their register
  • If the caller persists, hang up
  • Report the matter to Action Fraud online or by calling 0300 123 2040
Details of any share dealing facilities that the company endorses will be included in company mailings. 

The Financial Conduct Authority
The FCA can be contacted in respect of unauthorised firms by completing an online form, emailing them or by calling 0800 111 6768.

If you deal with an unauthorised firm, you will not be eligible to receive payment under the Financial Services Compensation Scheme.
 
Want to find out more?
More detailed information on this or similar activity can be found at www.cityoflondon.police.uk/citypolice within the Economic Crime section.

FCA

Read the FCA's advice on what to do if you are scammed

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