Aviva PLC Return of Capital Update - Redemption of B shares (6789L)
May 17 2022 - 10:03AM
UK Regulatory
TIDMAV.
RNS Number : 6789L
Aviva PLC
17 May 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
17 May 2022
Aviva plc
Return of Capital Update
Redemption of B Shares
Following its announcement on 16 May 2022 in relation to the
proposed GBP3.75 billion return of capital by Aviva plc (" Aviva "
or the " Company ") by way of a B Share Scheme, the Company
confirms that the redemption of the B Shares issued pursuant to the
B Share Scheme will occur today. This is in addition to the GBP1
billion share buy-back which was completed on 31 March 2022.
It is expected that the holders of Ordinary Shares entitled to
receive payments in respect of the proceeds from the redemption of
the B Shares will receive such payment by 31 May 2022, and the
holders of ADSs entitled to receive payments in respect of the
proceeds from the redemption of the B Shares will receive such
payment by 6 June 2022 in order to allow for the conversion from
pounds sterling to US dollars by the Depositary .
In accordance with the FCA's Disclosure Guidance and
Transparency Rule 5.6.1(A) and further to the announcement on 16
May 2022, the Company confirms that, post completion of the
previously announced B Share Scheme and Share Consolidation, the
Company's total issued share capital consists of 2,802,364,720
Ordinary Shares of 32 17/19 pence each, with each New Ordinary
Share carrying the right to one vote. The total number of voting
rights in the Company is therefore 2,802,364,720.
Capitalised terms used in this announcement which are not
otherwise defined have the same meaning as set out in the
explanatory circular regarding the B Share Scheme and the Share
Consolidation, and containing a notice of general meeting,
published on 5 April 2022 (the "Circular").
A copy of the Circular is available at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Company's website at www.aviva.com/ return-of-capital.
-ends-
Enquiries :
Analysts:
Rupert Taylor Rea +44 (0)7385 494 440
Joel von Sternberg +44 (0)7384 231 238
Michael O'Hara +44 (0)7387 234 388
IMPORTANT NOTICES
This announcement has been issued by and is the sole
responsibility of Aviva. The information contained in this
announcement is for background purposes only and does not purport
to be full or complete. The information in this announcement is
subject to change.
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or the solicitation of an
offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of, any securities pursuant to this announcement
or otherwise.
This announcement has been prepared in accordance with and for
the purpose of complying with English law, and Listing Rules and
Disclosure Guidance and Transparency Rules of the FCA and the
information disclosed may not be the same as that which would have
been disclosed if this announcement had been prepared in accordance
with the laws of jurisdictions outside of England and Wales.
This announcement introduces the proposals contained in the
Circular, which should be read by shareholders before taking a
decision. The announcement is not a summary of the proposals and
should not be regarded as a substitute for reading the
Circular.
The release, publication or distribution of this announcement
in, into or from jurisdictions other than the United Kingdom may be
restricted by law and therefore any persons who are subject to the
law of any jurisdiction other than the United Kingdom should inform
themselves about, and observe, any such restrictions. Any failure
to comply with the restrictions may constitute a violation of the
securities law of any such jurisdiction.
If you are in any doubt about the contents of this announcement
or the action you should take, you are recommended to seek your own
financial advice immediately from your stockbroker, bank manager,
fund manager, solicitor, accountant or other appropriate
independent financial adviser duly authorised under the Financial
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END
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