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Aberdeen Asset Management PLC (ADN.L)

ADN.L on London Stock Exchange

261.30GBp
23 Mar 2017
Change (% chg)

-2.80 (-1.06%)
Prev Close
264.10
Open
264.70
Day's High
264.70
Day's Low
260.20
Volume
4,241,527
Avg. Vol
5,209,205
52-wk High
354.40
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212.50

Latest Key Developments (Source: Significant Developments)

Standard Life updates on post-merger co-CEO roles
Monday, 20 Mar 2017 08:15am EDT 

Standard Life Plc : Proposed all-share merger:Post-Merger Co-CEO Roles . Post-Merger approach to organisational design and allocation of responsibilities between co-chief executives is being communicated . As co-ceos, Keith Skeoch and Martin Gilbert will share responsibility for core aspects of role such as executive committee . Keith Skeoch will have individual accountability for day to day running of fabric of combined business . Martin Gilbert will have individual accountability for external matters including responsibility for international activities . Keith and Martin will have joint accountability for communications and post-merger integration programme. . Both companies expect to make further announcements regarding composition of proposed executive management teams in due course .All relevant appointments are subject to regulatory approval..  Full Article

Standard Life CEO - no plans to sell annuities back book
Monday, 6 Mar 2017 06:27am EST 

Standard Life : Ceo keith skeoch tells analysts' call standard life still needs insurance business, no short-term plan to sell annuities back book . Ceo keith skeoch - says may change plans on annuities back book if interest rates rise Further company coverage: [SL.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Standard Life CEO Skeoch says its shareholders positive on merger with Aberdeen
Monday, 6 Mar 2017 03:00am EST 

Standard Life /Aberdeen Asset Management merger : Ceo keith skeoch says "we want to talk to our people first" about job losses related to standard life/aberdeen merger . Ceo martin gilbert says he and skeoch have "complementary skills" as co-ceos of merged firm . Ceo keith skeoch says serious conversations on deal began in early january . Ceo martin gilbert says major shareholders mufj <8306.t> and lloyds put no pressure on aberdeen to do deal . Ceo keith skeoch says standard life shareholders he has spoken to are positive and supportive of deal . Ceo martin gilbert says only around 4 clients overlap in standard life, aberdeen top 50 clients Further company coverage: [SL.L] ((carolyn.cohn@thomsonreuters.com;)).  Full Article

Group Five says Aberdeen Infrastructure to buy stake in JV
Monday, 5 Dec 2016 01:30am EST 

Group Five Ltd : Strategic equity partnership with global infrastructure leader, Aberdeen . Aberdeen Infrastructure Funds will buy 49.99 pct stake Intertoll Europe's underlying public-private-partnership project investment portfolio . Total cash consideration of approximately 43.0 mln euros or 633.2 mln rand .Following implementation of transaction, Group Five will hold 50.01 pct of Seed Assets and AIF will hold remaining 49.99 pct.  Full Article

Aberdeen CEO says seeing strong institutional demand for property
Monday, 25 Jul 2016 05:02am EDT 

Aberdeen Asset Management Plc : CEO Martin Gilbert says seeing a lot of interest in property from institutional investors. .Says not planning to make significant additional cost cuts..  Full Article

Aberdeen Asset Management Plc recommends final dividend
Monday, 30 Nov 2015 02:00am EST 

Aberdeen Asset Management Plc:Recommends a final dividend of 12.0p per share, making a total payment for the year of 19.5p per share, an increase of 8.3% on the total payment for 2014.Says final dividend will be paid on Feb. 3, 2016 to qualifying shareholders on the register at Jan. 8, 2016.  Full Article

Aberdeen Asset Management PLC to acquire Arden Asset Management
Tuesday, 4 Aug 2015 09:25am EDT 

Aberdeen Asset Management PLC:Enters into an agreement to acquire Arden Asset Management LLC.Aim is to complete the transaction during the fourth quarter of 2015.  Full Article

Aberdeen Asset Management Plc announces change of auditor
Thursday, 23 Jul 2015 02:30am EDT 

Aberdeen Asset Management Plc:Announces its intention to appoint PricewaterhouseCoopers LLP as the Group's external auditor for the year ending Sept. 30, 2016.Says shareholder approval to confirm the appointment of PwC will be sought at the annual general meeting in 2016.Says theintention to change the Group's auditor follows a recommendation by the Audit Committee to the Board after a formal tender process overseen by the Audit Committee, as referred to in the 2014 Annual Report & Accounts.Says KPMG Audit Plc, the Group's current auditor, will continue in the role and will undertake the external audit for the year ending Sept. 30, having been reappointed at the 2015 annual general meeting.  Full Article

Aberdeen Asset management declares interim dividend
Tuesday, 5 May 2015 02:01am EDT 

Aberdeen Asset management PLC:To pay an interim dividend of 7.5 pence per share, an increase of 11 pct per share on the interim dividend announced last year.Payable on June 18 to qualifying shareholders on the register at May 15.  Full Article

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Standard Life's CEO to run day-to-day business after Aberdeen merger

LONDON Standard Life Chief Executive Keith Skeoch will oversee its day-to-day running after it merges with Aberdeen Asset Management , while Aberdeen boss Martin Gilbert will handle external matters like marketing, the companies said.