Key Developments: Aberdeen Asset Management PLC (ADN.L)

ADN.L on London Stock Exchange

431.40GBp
18 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Aberdeen Asset Management PLC declares dividend
Monday, 1 Dec 2014 02:00am EST 

Aberdeen Asset Management PLC:Recommends a final dividend of 11.25p per share, making a total payment for the year of 18.0p per share.Says the proposed final dividend of 11.25p per ordinary share will be paid on Feb. 6, 2015 to qualifying shareholders on the register at the close of business on Dec. 12.  Full Article

Aberdeen Asset Management PLC decides to pay interim dividend of 6.75 pence per share
Tuesday, 6 May 2014 02:03am EDT 

Aberdeen Asset Management PLC:Board has decided to pay interim dividend of 6.75 pence per share, increase of 12.5 pct on interim dividend announced last year which will be paid on June 19 to qualifying shareholders on register at May 16.  Full Article

Aberdeen Asset Management PLC announces completion of acquisition
Friday, 2 May 2014 02:00am EDT 

Aberdeen Asset Management PLC:Completed acquisition of Scottish Widows Investment Partnership's Infrastructure fund management business.Also completed acquisition of Scottish Widows Partnership Group Ltd and its related private equity and infrastructure fund management businesses from Lloyds Banking Group plc.  Full Article

Aberdeen Asset Management Plc updates on acquisition of Scottish Widows Investment Partnership Group Ltd
Thursday, 20 Mar 2014 10:34am EDT 

Aberdeen Asset Management Plc:Updates relating to previously said acquisition of Scottish Widows Investment Partnership Group Ltd confirmed its consent to proposed change of control.Consideration for acquisition of about 550 mln Pound.Acquisition is expected to complete following close of business on March 31.  Full Article

Aberdeen Asset Management plc Recommends Final Dividend
Monday, 18 Nov 2013 02:00am EST 

Aberdeen Asset Management plc announced that the Board is recommending a final dividend of GBP0.10 per share, making a total payment for the year of GBP0.16 per share, an increase of 39% on the total payment for 2012. The dividend will be paid on January 24, 2014 to qualifying shareholders on the register at the close of business on December 6, 2013.  Full Article

Aberdeen Asset Management Plc Announces Acquisition and Strategic Relationship with Lloyds Banking Group PLC
Monday, 18 Nov 2013 02:00am EST 

Aberdeen Asset Management Plc (Aberdeen or the Group) announced that it has entered into a definitive agreement to form a long-term strategic relationship with Lloyds Banking Group plc (Lloyds), as part of which Aberdeen will acquire Scottish Widows Investment Partnership Group Limited (SWIP) and SWIP's related private equity and infrastructure fund management businesses (the Acquired Business) (the Acquisition and, together with the long-term strategic relationship with Lloyds, the Transaction). The Acquired Business includes the Investment Solutions division of SWIP which is a separate investment group that is responsible for the design, development and management of investment solutions for Lloyds' wealth clients. The strategic relationship will operate across Lloyds' Wealth, Insurance, Commercial Banking and Retail businesses and is expected to result in a stronger asset management offering for customers. The consideration for the Acquisition of approximately £550 million (calculated by reference to an Aberdeen share price of 420 pence per share) will be satisfied by the issue of 131.8 million new Aberdeen shares to Lloyds, equivalent to an approximately 9.9% stake in the Group following completion of the Acquisition (referred to as the Enlarged Group). In addition, there will be a performance-related five year earn-out payment of up to £100 million dependent on growth delivered by the strategic relationship with Lloyds in the Investment Solutions business.  Full Article

Aberdeen Asset Management Plc Talks To Buy Asset Manager From Lloyds Banking Group PLC-Reuters
Thursday, 24 Oct 2013 06:54am EDT 

Reuters reported that Aberdeen Asset Management Plc said it is in talks to buy Scottish Widows Investment Partnership from Lloyds Banking Group PLC. It said the acquisition would be funded by issuing new shares in Aberdeen to Lloyds and additional deferred cash payments, conditional on the business's performance over a period of years.  Full Article

Aberdeen Asset Management Plc Sees FY 2013 Pre-Tax Profit Outlook Towards Upper End Of Market Forecasts
Monday, 23 Sep 2013 02:00am EDT 

Aberdeen Asset Management Plc announced that its underlying pre-tax profit for fiscal 2013 is expected to be towards the upper end of market forecasts. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report reported pre-tax profit of GBP377.77 million for fiscal 2013.  Full Article

Aberdeen Asset Management Plc Agrees To A Fine Of GBP7.2 Million From The Financial Conduct Authority In Full And Final Settlement Of Past Inadvertent Breaches Of UK Client Money Rules
Tuesday, 3 Sep 2013 05:01am EDT 

Aberdeen Asset Management Plc announced that it has agreed to a fine of GBP7.2 million from the Financial Conduct Authority in full and final settlement of past inadvertent breaches of UK client money rules which the Company identified and reported to the regulator. No clients suffered any loss as a result of the breaches and at no point were client funds mixed with the Company's own money. Nor was there any risk of any client money being lost as a result of set-off, as the Company did not have any borrowings with any of the relevant banks, although there was a risk that clients could have potentially faced a delay in the return of their money in the unlikely event that the Company became insolvent. The Company regrets that the situation arose, has co-operated fully with the FCA in the course of its investigation and has amended its UK procedures regarding bank deposits following the FCA's guidance.  Full Article

Citigroup Sole Bookrunnner In Aberdeen Asset Management Plc Share Placing-DJ
Thursday, 1 Aug 2013 06:07am EDT 

Dow Jones reported that Citigroup is the sole bookrunner in the placing of 14.3 million Aberdeen Asset Management plc shares at a price range of 370 pence-380 pence per share, the bank confirmed. The accelerated equity offering represents a discount of 3.7%-1.1% to the closing price on July 31 and represents some 1.2% of the shares outstanding. The shares are being placed on behalf of an institutional holder.  Full Article

BRIEF-SPAR Group says Aberdeen have disposed of a beneficial interest in SPAR Securities

* Shareholders are advised that co has received notification that Aberdeen Asset Managers have disposed of a beneficial interest in SPAR Securities

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