Oct 1 (Reuters) - Standard Life Aberdeen PLC ::STANDARD LIFE ABERDN - TENDER OFFER AND SOLICITATION MEMORANDUM.STANDARD LIFE ABERDEEN PLC - LAUNCHED SEPARATE INVITATIONS TO HOLDERS OF OUTSTANDING 6.75 % FIXED RATE PERPETUAL RESET SUBORDINATED GUARANTEED BONDS.STANDARD LIFE ABERDEEN - LAUNCHED INVITATIONS TO HOLDERS OF OUTSTANDING 6.546 % MUTUAL ASSURANCE CAPITAL SECURITIES TO TENDER THEIR SECURITIES.
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Aug 31 (Reuters) - Standard Life Aberdeen::COMPLETION OF SALE.ANNOUNCES COMPLETION OF SALE OF STANDARD LIFE ASSURANCE LIMITED TO PHOENIX GROUP HOLDINGS.CONFIRMS ITS INTENTION, SUBJECT TO OBTAINING RELEVANT REGULATORY PERMISSIONS, TO RETURN UP TO £1.75 BILLION IN AGGREGATE TO SHAREHOLDERS.SHARE BUYBACK OF £175M HAS ALREADY COMMENCED AND £1.0 BILLION IS INTENDED TO BE RETURNED TO SHAREHOLDERS BY WAY OF A B SHARE SCHEME.
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Aug 23 (Reuters) - Phoenix Group Holdings ::SAYS GROUP OPERATING PROFIT OF £216 MILLION IN H1 2018.SOLVENCY II SURPLUS OF £2.3 BILLION(3) AS AT 30 JUNE 2018 (£1.8 BILLION AS AT 31 DECEMBER 2017).SHAREHOLDER CAPITAL COVERAGE RATIO OF 180% AS AT 30 JUNE 2018(4) (164% AS AT 31 DECEMBER 2017).SAYS INTERIM DIVIDEND OF 22.6P PER SHARE, CONSISTENT WITH FINAL 2017 DIVIDEND REBASED FOR JULY RIGHTS ISSUE.PHOENIX TO INTRODUCE FEE CAPS ON UNITISED NON-WORKPLACE PENSIONS FOR A ONE OFF EXPECTED COST OF £68 MILLION.GROUP EXPECTS TO EXCEED UPPER END OF ITS CASH GENERATION TARGET OF £1.0 BILLION - £1.2 BILLION BETWEEN 2017 AND 2018.£349 MILLION OF CASH GENERATION(2) IN H1 2018 (H1 2017: £360 MILLION).AXA, ABBEY LIFE INTEGRATIONS COMPLETED AHEAD OF PLAN, TARGETS; DELIVERING COST SYNERGY BENEFITS OF £27 MILLION PER ANNUM.INCREASE 2018 FINAL DIVIDEND TO AN ANNUALISED LEVEL OF £338 MILLION.COMPLETED ITS FIRST BULK ANNUITY TRANSACTION WITH A £470 MILLION BOOK ACQUIRED IN FIRST HALF OF YEAR AND ALL LONGEVITY RISK WAS REINSURED.CO WILL NO LONGER DESCRIBE ITSELF A PURELY A 'CLOSED' BUSINESS, BUT AS CONSOLIDATOR OF OPEN AND HERITAGE LIFE BUSINESSES.CONTINGENCY PLANS CONTINUE TO BE PROGRESSED TO ENABLE EU POLICYHOLDERS TO BE SERVICED IN EVENT OF A 'HARD BREXIT'.EXPLORING RANGE OF OPTIONS TO ENSURE CO CAN SERVICE IRISH POLICYHOLDERS AS PART OF BREXIT CONTINGENCY PLANNING.
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Aug 9 (Reuters) - Standard Life Aberdeen PLC ::WILL COMMENCE AN INITIAL SHARE REPURCHASE PROGRAMME OF COMPANY'S ORDINARY SHARES UP TO A MAXIMUM CONSIDERATION OF £175M.
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Aug 7 (Reuters) - Standard Life Aberdeen PLC ::HALF-YEAR REPORT - PART 1 OF 4.GROSS INFLOWS OF £38.0BN (H1 2017: £39.5BN, H2 2017: £36.0BN) INCLUDING INCREASE IN FLOWS FROM PHOENIX.NET OUTFLOWS REMAIN A CHALLENGE IN A TOUGH MARKET.ADJUSTED PROFIT BEFORE TAX 478 MILLION ON PRO-FORMA BASIS.ADJUSTED PBT COMPARES WITH PRO-FORMA 518 MILLION H2 2017, 521 MILLION H1 2017 ON PRE-MERGER BASIS.H1 NET OUTFLOWS 16.6 BILLION STG.NOW TARGETING A TOTAL OF OVER £350M OF SAVINGS INCLUDING MERGER RELATED COST SYNERGIES OF £250M AS WELL AS EFFICIENCY SAVINGS FROM A SIMPLIFIED GLOBAL OPERATING MODEL IN EXCESS OF £100M.INTERIM DIVIDEND UP 4.3% TO 7.30P.ASSETS UNDER MANAGEMENT AND ADMINISTRATION 626.5 BILLION STG VERSUS 623.AUMA 626.6 BILLION STG AT BEGINNNING OF H1 2018, 610.1 BILLION AT END H1.ASSETS MANAGED BY ABERDEEN STANDARD INVESTMENTS WERE £557.1BN (FY 2017: £575.7BN).ADJUSTED OPERATING PROFIT 254 MILLION STG VERSUS 302 MILLION STG H1 2017.WE ARE COMMENCING FIRST TRANCHE OF £175M OF SHARE BUYBACK PROGRAMME IN NEXT FEW DAYS.COMPLETION OF PROPOSED SALE TO PHOENIX IS EXPECTED IN Q3.
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July 30 (Reuters) - Standard Life Aberdeen Plc :STANDARD LIFE ABERDEEN - STANDARD LIFE INVESTMENTS LIMITED'S CURRENT SHAREHOLDING OF 37.98% IN HDFC ASSET MANAGEMENT COMPANY WOULD BE VALUED AT C£982M.
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July 23 (Reuters) - Phoenix Group Holdings ::ON 2 SEPTEMBER 2009, PHOENIX ISSUED 5 MILLION WARRANTS OVER ITS SHARES TO CERTAIN OF ITS LENDERS.HAVING NOW AMENDED WARRANT INSTRUMENT TO PERMIT REDEMPTION AT RELEVANT PRICE, IT WILL REDEEM ALL OUTSTANDING WARRANTS ON 23 AUGUST 2018.
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July 17 (Reuters) - Standard Life Aberdeen PLC ::PROPOSED IPO OF HDFC AMC.IN CONNECTION WITH PROPOSED IPO OF HDFC AMC, RED HERRING PROSPECTUS FILED BY HDFC AMC HAS BEEN APPROVED ON JULY 17, 2018.
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July 10 (Reuters) - Phoenix Group Holdings ::RESULTS OF RIGHTS ISSUE.IT HAD RECEIVED VALID ACCEPTANCES IN RESPECT OF 176,693,407 NEW SHARES (REPRESENTING 96.25 PER CENT. OF NEW SHARES OFFERED.
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June 25 (Reuters) - Standard Life Aberdeen PLC ::STANDARD LIFE ABERDEEN SHAREHOLDERS VOTE IN FAVOUR OF SALE OF STANDARD LIFE ASSURANCE LIMITED TO PHOENIX GROUP HOLDINGS <<>>.99.26 PERCENT OF SHAREHOLDERS VOTE FOR SALE .MORE THAN 99 PCT OF SHAREHOLDERS ALSO VOTE FOR SHARE BUYBACKS TOTALLING UP TO 1.75 BLN STG.
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