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Aviva PLC (AV.L)

AV.L on London Stock Exchange

420.00GBp
22 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Aviva details goodwill payments over preference share sales
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Aviva PLC ::DISCRETIONARY GOODWILL PAYMENT SCHEME FOR ELIGIBLE PREFERENCE SHAREHOLDERS IS NOW OPEN FOR CLAIMS.HAS APPOINTED KPMG LLP AS AN INDEPENDENT ADMINISTRATOR OF GOODWILL PAYMENT SCHEME.SAYS AVIVA, GENERAL ACCIDENT PREFERENCE SHARES GOODWILL PAYMENT BASED ON DIFFERENCE BETWEEN AVERAGE PRICE OVER 5 BUSINESS DAYS FROM MARCH 23 AND ANY SALE PRICE BETWEEN MARCH 8 AND 22.SAYS PREFRENCE SHAREHOLDERS CAN ALSO CLAIM TRANSACTION COSTS.SAYS APPLYING ANNUAL 6 PERCENT ADDITIONAL AMOUNT TO GOODWILL PAYMENT FOR PERIOD FROM MARCH 23 TO OCT 31.RELEVANT PREFERENCE SHARES ARE AVIVA 8.375 PCT, AVIVA 8.75 PCT, GENERAL ACCIDENT 7.875 PCT, GENERAL ACCIDENT 8.875 PCT.  Full Article

Aviva Agrees To Sell 50 Pct Shareholding In Pelayo Vida To Santalucía
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Aviva PLC ::AVIVA COMPLETES EXIT FROM SPAIN.ALSO AGREED SALE OF ITS 50% SHAREHOLDING IN SPANISH LIFE INSURANCE OPERATION, PELAYO VIDA 5 , TO SANTALUCÍA.COMPLETED SALE OF ITS ENTIRE SHAREHOLDING IN LIFE INSURANCE AND PENSIONS JOINT VENTURES, CAJAMURCIA VIDA AND CAJA GRANADA VIDA , TO BANKIA.FINAL CONSIDERATION OF TRANSACTION WITH BANKIA IS EUR 203 MILLION (£179 MILLION).  Full Article

Aviva CEO's BlackRock directorship avoids conflict of interest-chairman
Thursday, 10 May 2018 

May 10 (Reuters) - Aviva PLC ::CHIEF EXECUTIVE MARK WILSON SAYS AVIVA HAS AROUND 500 MILLION STG TO SPEND ON "BOLT-ON" ACQUISITIONS.CHAIRMAN ADRIAN MONTAGUE SAYS AVIVA CEO WILSON'S DIRECTORSHIP OF BLACKROCK ARRANGED "VERY CAREFULLY" TO AVOID CONFLICT OF INTEREST.  Full Article

Aviva announces 600 mln stg share buyback plan
Tuesday, 1 May 2018 

May 1 (Reuters) - Aviva PLC ::AVIVA PLC ("AVIVA") ANNOUNCES THAT IT WILL COMMENCE A SHARE BUY-BACK OF ITS ORDINARY SHARES FOR UP TO A MAXIMUM AGGREGATE CONSIDERATION OF £600 MILLION..DIVIDEND YIELD ON AVIVA SHARES CURRENTLY STANDS AT 5.2%*, AND WITH DIVIDEND EXPECTED TO GROW FURTHER, BOARD BELIEVES A BUY-BACK IS A COMPELLING USE OF AVIVA'S EXCESS CAPITAL..AVIVA HAS ENTERED INTO AN AGREEMENT WITH CITIGROUP GLOBAL MARKETS LTD ('CITIGROUP') TO CONDUCT SHARE BUY-BACK PROGRAMME ON ITS BEHALF AND TO MAKE TRADING DECISIONS UNDER PROGRAMME INDEPENDENTLY OF AVIVA..PROGRAMME WILL COMMENCE ON 1 MAY 2018 AND WILL END NO LATER THAN 31 DECEMBER 2018..AVIVA HAS RECEIVED REGULATORY APPROVAL FOR BUY-BACK FROM PRA..  Full Article

Aviva Says Co, General Accident Will Offer Discretionary Goodwill Payment To Shareholders
Monday, 30 Apr 2018 

April 30 (Reuters) - Aviva PLC ::CO, GENERAL ACCIDENT WILL OFFER A DISCRETIONARY GOODWILL PAYMENT TO SHAREHOLDERS WHO SOLD PREFERENCE SHARES IN PERIOD FROM 8 TO 22 MARCH 2018.AVIVA ESTIMATES THAT FEWER THAN 2,000 INDIVIDUAL INVESTORS SOLD THEIR PREFERENCE SHARES IN PERIOD FROM 8 TO 22 MARCH 2018.ESTIMATES TOTAL COST OF GOODWILL PAYMENT SCHEME SHOULD NOT EXCEED APPROXIMATELY £14 MILLION..AVIVA HAS CONSULTED WITH FCA AND WILL CONTINUE TO ENGAGE WITH FCA IN ITS INVESTIGATION OF PREFERENCE SHARE ISSUE..AVIVA HAS APPOINTED KPMG LLP AS AN INDEPENDENT ADMINISTRATOR TO HANDLE GOODWILL PAYMENT PROCESS..  Full Article

Aviva CFO says solvency ratio to rise above 200 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Aviva ::CFO TOM STODDARD SAYS ~EXPECTS SOLVENCY CAPITAL RATIO TO RISE ABOVE 200 PERCENT OVER NEXT YEAR.CFO TOM STODDARD SAYS ~ WILL RETURN AT LEAST 500 MILLION STG IN CAPITAL IN 2018 THROUGH LIABILITY MANAGEMENT, SHARE BUYBACK OR BOTH.  Full Article

Aviva to deploy 3 bln stg in excess cash 2018, 2019
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Aviva Plc ::AVIVA UPGRADES GROWTH, CASH AND DIVIDEND TARGETS*.‍GROWTH: TARGETING HIGHER THAN MID-SINGLE DIGIT PERCENTAGE GROWTH ANNUALLY IN IFRS OPERATING EARNINGS PER SHARE FROM 2019​.‍CASH: REMITTANCE TARGET INCREASED FROM £7 BILLION TO £8 BILLION1, ALLOWING AVIVA TO DEPLOY £3 BILLION OF EXCESS CASH OVER 2018 AND 2019​.‍THIS IS EXPECTED TO BE USED TO REPAY £900 MILLION OF DEBT IN 2018 AND FUND BOLT-ON ACQUISITIONS AND ADDITIONAL RETURNS TO INVESTORS​.‍DIVIDEND: PAY-OUT RATIO TARGET INCREASED TO 55-60% OF OPERATING EPS BY 2020​.‍WE ARE RAISING OUR EXPECTATIONS FOR EARNINGS GROWTH TO MORE THAN 5% ANNUALLY FROM 2019 ONWARDS​.‍EXCESS CASH, £2 BILLION OF WHICH WE PLAN TO DEPLOY NEXT YEAR​.‍IN 2018 WE EXPECT TO USE OUR EXCESS CASH TO PAY DOWN £900 MILLION OF EXPENSIVE DEBT, RETURN CAPITAL TO INVESTORS AND INVEST IN GROWING OUR BUSINESS​.  Full Article

Aviva to buy Irish insurer Friends First Life for 130 mln euros
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Aviva Plc :AVIVA PLC - ‍AVIVA TO ACQUIRE IRISH INSURER FRIENDS FIRST​.AVIVA PLC - ‍TO ACQUIRE IRISH INSURER FRIENDS FIRST LIFE ASSURANCE COMPANY DAC FOR A CASH CONSIDERATION OF EUR 130M​.AVIVA PLC - ‍AVIVA EXPECTS TRANSACTION TO MEET GROUP'S OPERATING RETURN ON CAPITAL HURDLE FROM YEAR ONE AND TO SIGNIFICANTLY EXCEED HURDLE THEREAFTER​.  Full Article

Aviva agrees to sell 49 percent stake in Taiwan jv
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Aviva Plc :Has agreed to sell its entire 49 percent shareholding in its joint venture in Taiwan, First Aviva Life to joint venture partner First Financial Holding co. Ltd​.Says ‍transaction has a negligible impact on Aviva's IFRS net assets, solvency II capital position and IFRS operating profit.Aviva said the business is not central to the group's strategy to focus on markets where it can achieve scale and profitability or have a distinct competitive advantage ​.  Full Article

Aviva to offer $390 mln share buyback
Thursday, 25 May 2017 

May 25 (Reuters) - Aviva Plc :Aviva plc (aviva) announces that it will commence a share buy-back of aviva's ordinary shares for up to a maximum consideration of £300 million ($389.61 million)..Shares acquired by morgan stanley under agreement will be simultaneously on-sold to aviva.  Full Article

Resolution's Cowdery has $2 bln life insurance deal in sight

LONDON, Oct 18 UK life insurance entrepreneur Clive Cowdery, who pioneered the practice of buying up closed books in Britain and the U.S., has launched a new company as more assets come up for sale and hopes to close a $2 billion deal by the end of the year.