Aviva PLC Aviva to Commence Share Buy-back* (1731G)
May 25 2017 - 2:01AM
UK Regulatory
TIDMAV.
RNS Number : 1731G
Aviva PLC
25 May 2017
25 May 2017
AVIVA TO COMMENCE SHARE BUY-BACK
Aviva plc (Aviva) announces that it will commence a share
buy-back of Aviva's ordinary shares for up to a maximum
consideration of GBP300 million.
Aviva has entered into a non-discretionary agreement with Morgan
Stanley to enable the purchase of Aviva ordinary shares by Morgan
Stanley, acting as principal, during the period running from 25 May
2017 and ending no later than 15 December 2017, for an aggregate
purchase price of up to GBP300 million. Shares acquired by Morgan
Stanley under the agreement will be simultaneously on-sold to
Aviva. To the extent permitted by law, such ordinary shares
purchased will be cancelled.
Any purchase of Aviva ordinary shares contemplated by this
announcement will be carried out on the London Stock Exchange and
Multilateral Trading Facilities, as defined by the Directive
2014/65/EU of the European Parliament and of the Council of 15 May
2014 on markets in financial instruments, and executed in
accordance with (and subject to the limits prescribed by) Aviva's
general authority to repurchase ordinary shares granted by its
shareholders on 10 May 2017 and Chapter 12 of the Financial Conduct
Authority's Listing Rules.
*This Announcement Contains Inside Information
Enquiries:
Media
Nigel Prideaux +44 (0)20 7662 0215
Andrew Reid +44 (0)20 7662 3131
Analysts
Chris Esson +44 (0)20 7662 8115
Diane Michelberger +44 (0)20 7662 0911
Notes to editors:
-- Aviva's LEI code is YF0Y5B0IB8SM0ZFG9G81
-- Aviva provides life insurance, general insurance, health
insurance and asset management to 33 million customers.
-- In the UK we are the leading insurer serving one in every
four households and have strong businesses in selected markets in
Europe, Asia and Canada. Our shares are listed on the London Stock
Exchange and we are a member of the FTSE100 index.
-- Aviva's asset management business, Aviva Investors, provides
asset management services to both Aviva and external clients, and
currently manages over GBP340 billion in assets. Total group assets
under management at Aviva group are GBP450 billion.
-- Aviva helps people save for the future and manage the risks
of everyday life; we paid out GBP34.4 billion in benefits and
claims in 2016.
-- By serving our customers well, we are building a business
which is strong and sustainable, which our people are proud to work
for, and which makes a positive contribution to society.
-- The Aviva media centre at http://www.aviva.com/media/
includes company information, images, and a news release
archive.
-- For an introduction to what we do and how we do it, please click here http://www.aviva.com/about-us/aviva/
-- For broadcast-standard video, please visit http://www.aviva.com/media/b-roll-library/
-- Follow us on twitter: www.twitter.com/avivaplc/
-- Follow us on LinkedIn: www.linkedin.com/company/aviva-plc
-- For the latest corporate films from around our business, subscribe to our YouTube channel: www.youtube.com/user/aviva
This information is provided by RNS
The company news service from the London Stock Exchange
END
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