Aviva PLC Redemption 8.25% Capital Securities & NYSE Delist (7378Q)
December 01 2016 - 9:44AM
UK Regulatory
TIDMAV.
RNS Number : 7378Q
Aviva PLC
01 December 2016
December 1, 2016
Aviva plc - Redemption of 8.25% US Capital Securities and NYSE
Delisting and
SEC Deregistration
Aviva plc (NYSE: AV; LON: AV) wishes to announce that it has
redeemed its 8.25% capital securities due December 1, 2041 (ISIN:
US05382A2033, CUSIP: 05382A203) (the "US Capital Securities") in
full on December 1, 2016.
Aviva plc also wishes to announce its intention to voluntarily
delist its American Depositary Shares ("ADS") from the New York
Stock Exchange ("NYSE"). The last trading day of the ADS on the
NYSE is currently expected to be on or about December 22, 2016.
Following the delisting from the NYSE, Aviva plc intends to file a
Form 15F with the SEC to deregister and terminate its reporting
obligations under the US Securities Exchange Act 1934 (the
"Exchange Act"). Aviva plc's ADS programme will continue as a
'level 1' sponsored programme, which will enable investors to trade
ADS in the US over-the-counter market.
Aviva plc has been listed on the NYSE and registered in the US
under the Exchange Act since 2009, when the NYSE listing and SEC
registration were identified as relevant to the continued global
development of the Aviva Group, including providing the then large
number of US employees with the opportunity to invest in the Group
through ADS.
The strategic benefits to the Aviva Group of having a NYSE
listing and SEC registration no longer apply. Following the sale of
Aviva plc's US insurance business in 2013, it no longer has
material insurance operations in the US, however Aviva Investors
Americas LLC, an investment adviser registered with the SEC,
continues to have an active presence in the US. ADS trading volumes
are also a small proportion of Aviva plc's global trading volume
(currently less than 5%). Aviva plc's delisting and deregistration
will focus trading of its ordinary shares on Aviva plc's primary
trading market (the London Stock Exchange) which accounts for over
95% of its worldwide trading volumes.
Aviva plc will continue to publish its annual reports and other
financial communications in English which will be available via
Aviva plc's website (www.aviva.com) in accordance with Rule
12g3-2(b) under the Exchange Act.
Contacts:
Investor contacts:
Chris Esson +44 (0)20 7662 8115
Media contacts:
Andrew Reid +44 (0)20 7662 3131
Sarah Swailes +44 (0)20 7662 6700
Aviva plc
St Helen's, 1 Undershaft
London EC3P 3DQ
Registered in England
Number 2468686
This information is provided by RNS. The company news service
from the London Stock Exchange
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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December 01, 2016 09:44 ET (14:44 GMT)
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