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Standard Life Aberdeen PLC (SLA.L)

SLA.L on London Stock Exchange

257.65GBp
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Latest Key Developments (Source: Significant Developments)

Standard Life Aberdn Announces Tender Offer
Monday, 1 Oct 2018 

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.  Full Article

Standard Life Aberdeen Completes Sale Of Standard Life Assurance Ltd To Phoenix Group Holdings
Friday, 31 Aug 2018 

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.  Full Article

Phoenix Group To Top Cash Generation Target for 2017, 2018
Thursday, 23 Aug 2018 

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.  Full Article

Standard Life Aberdeen Announces 175 Mln Stg Share Buyback
Thursday, 9 Aug 2018 

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.  Full Article

Standard Life Aberdeen H1 operating profit drops 16 pct
Tuesday, 7 Aug 2018 

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.  Full Article

Standard Life Aberdeen Says Stake In HDFC Asset Management Valued At c.982 Mln Stg
Monday, 30 Jul 2018 

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.  Full Article

Phoenix Group Holdings Issues Warrant Redemption Notice
Monday, 23 Jul 2018 

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.  Full Article

Standard Life Aberdeen Says Prospectus Filed For Proposed IPO Of HDFC AMC
Tuesday, 17 Jul 2018 

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.  Full Article

Phoenix Group Holdings Announce Results Of Rights Issue
Tuesday, 10 Jul 2018 

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.  Full Article

SLA shareholders vote for Phoenix insurance deal, share buybacks
Monday, 25 Jun 2018 

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.  Full Article

MOVES-Deutsche Bank, JPMorgan Asset Management, Aberdeen Standard Investments

Oct 18 The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com.