Key Developments: Manulife Financial Corp (0945.HK)

0945.HK on Hong Kong Stock

158.90HKD
19 Sep 2014
Price Change (% chg)

HK$3.00 (+1.92%)
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Latest Key Developments (Source: Significant Developments)

Manulife completes $2.26 bln subscription receipt offerings
Monday, 15 Sep 2014 08:35am EDT 

Manulife Financial Corp:Completes previously announced offerings of subscription receipts, raising a total of about $2.26 bln.Says about $1.76 bln of subscription receipts were sold to syndicate of underwriters in public bought deal offering, which amount includes exercise in full of the underwriters' over-allotment option, and.Says $500 mln of subscription receipts were sold by way of private placement to Caisse de dépôt et placement du Québec.Subscription receipts sold pursuant to public offering will commence trading on Toronto Stock Exchange under ticker symbol MFC.R.Net proceeds from sale of subscription receipts will be held by an escrow agent pending the completion of Manulife's previously announced acquisition of the Canadian-based operations of Standard Life plc.Closing of acquisition is subject to regulatory approvals and approval of shareholders of Standard Life plc.Subject to the receipt of all necessary approvals, acquisition is anticipated to close in first quarter of 2015.  Full Article

Manulife Financial Corp to acquire the Canadian Operations of Standard Life plc
Wednesday, 3 Sep 2014 04:43pm EDT 

Manulife Financial Corp:Announced that the Manufacturers Life Insurance Co (MLI) and Standard Life Oversea Holdings Limited, a subsidiary of Standard Life plc, have entered into an agreement.Under which MLI will acquire the Canadian-based operations of Standard Life plc for about $4 billion in cash at closing, subject to certain adjustments.Closing of the transaction is subject to regulatory approvals and the approval of the shareholders of Standard Life plc.Transaction is anticipated to close in the first quarter of 2015.Manulife intends to finance a portion of the purchase price for Standard Life's Canadian operations through a combination of a public offering, a private placement and through internal resourcesand possible future debt and/or preferred share issuances.Morgan Stanley and Scotiabank acted as financial advisors.Osler, Hoskin & Harcourt LLP and Torys LLP acted as legal advisors to Manulife.Blake, Cassels & Graydon LLP acted as legal advisors to Standard Life.  Full Article

Manulife Financial completes Preferred Share offering
Friday, 15 Aug 2014 08:29am EDT 

Manulife Financial Corp:Completes its offering of 14 mln Non-cumulative Rate Reset Class 1 Shares Series 17 at a price of $25 per share to raise gross proceeds of $350 mln.Offering was underwritten by a syndicate of investment dealers co-led by Scotia Capital Inc, RBC Capital Markets and TD Securities.  Full Article

Manulife Financial Corp announces increase to Preferred Share issue
Monday, 11 Aug 2014 01:22pm EDT 

Manulife Financial Corp:Says as result of strong investor demand for previously announced Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 17, the size of offering has been increased to 14 mln shares.Gross proceeds of the offering will now be $350 mln.Offering will be underwritten by syndicate of investment dealers co-led by Scotia Capital Inc., RBC Capital Markets and TD Securities and is anticipated to qualify as Tier 1 capital for Manulife.Expected closing date for offering is Aug. 15.Manulife intends to use the net proceeds from offering to fund redemption of Manulife's Non-cumulative Rate Reset Class 1 Shares Series 1 on Sept. 19.  Full Article

Manulife Financial Corp announces preferred share issue
Monday, 11 Aug 2014 09:21am EDT 

Manulife Financial Corp:Announced a Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 17.Says it will issue 10 million Series 17 Preferred Shares priced at $25 per share to raise gross proceeds of $250 million.Offering will be underwritten by a syndicate of investment dealers co-led by Scotia Capital Inc., RBC Capital Markets and TD Securities and is anticipated to qualify as Tier 1 capital for Manulife.Expected closing date for the offering is Aug. 15.Intends to use the net proceeds from the offering to partially fund the redemption of Manulife's Non-cumulative Rate Reset Class 1 Shares Series 1 on Sept. 19.  Full Article

Manulife Financial Corp increases dividend
Thursday, 7 Aug 2014 05:55am EDT 

Manulife Financial Corp:Approved increase in dividend of 19 pct or 2.5 cents per share to quarterly shareholders.Dividend resulting in a dividend of 15.5 cents per share on common shares of MFC.Payable on and after Sept. 19 to shareholders of record at close of business on Aug. 19.  Full Article

Manulife Financial Corporation Declares quarterly dividend
Thursday, 1 May 2014 05:54am EDT 

Manulife Financial Corporation:Declares quarterly shareholders dividend of $0.13 per share on common shares.Payable on and after June 19 to shareholders of record at the close of business on May 13.  Full Article

Manulife Financial Corp completes preferred share offering
Tuesday, 25 Feb 2014 08:11am EST 

Manulife Financial Corp:Completed its offering of 8 mln Non-cumulative Rate Reset Class 1 Shares Series 15 at a price of $25 per share to raise gross proceeds of $200 mln.Offering was underwritten by a syndicate of investment dealers co-led by Scotia Capital Inc., CIBC World Markets and RBC Capital Markets.  Full Article

Manulife Financial Corp completes subordinated debenture offering
Friday, 21 Feb 2014 08:48am EST 

Manulife Financial Corp:Completes its previously announced offering of $500 mln aggregate principal amount of subordinated debentures.Says 2.811 pct fixed/floating subordinated debentures due Feb. 21, 2024, which are guaranteed by Manulife Financial Corporation on a subordinated basis, were issued under a prospectus supplement dated Feb. 18.  Full Article

Manulife Financial Corp announces subordinated debenture issue
Tuesday, 18 Feb 2014 03:35pm EST 

Manulife Financial Corp:Says it intends to issue $500 mln principal amount of 2.811 pct fixed/floating subordinated debentures due Feb. 21, 2024.Says the Debentures will bear interest at a fixed rate of 2.811 pct for five years and thereafter at a rate of 0.80 pct over the three month CDOR.Says the Debentures will mature on Feb. 21, 2024.Says the offering is done by a syndicate co-led by RBC Capital Markets, BMO Capital Markets and TD Securities and consisting of CIBC World Markets, Scotiabank Global Banking and Markets, Bank of America Merrill Lynch, National Bank Financial, HSBC Securities.Says the offering is expected to close on Feb. 21.Says the net proceeds from the offering will be utilized for general corporate purposes, including future refinancing requirements.  Full Article

CANADA STOCKS-TSX closes down on gold, energy; Manulife slips

By Allison Martell and Alastair Sharp TORONTO, Sept 4 - Canada's main stock index closed lower on Thursday, hurt by a decline in gold miners and energy stocks as the price of gold fell and oil slipped on a surprise European Central Bank rate cut. Manulife Financial Corp also dragged on the index after it announced late on Wednesday that it would buy the Canadian operations of Britain's Standard Life in a near-$4 billion deal. Barrick Gold Corp was the biggest weight, down

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