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Aberdeen Asset Management PLC (ADN.L)

ADN.L on London Stock Exchange

24 May 2017
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Latest Key Developments (Source: Significant Developments)

UK's CMA says considering if Standard Life-Aberdeen deal will result in a relevant merger situation
Monday, 22 May 2017 08:20am EDT 

May 22 (Reuters) - UK'S CMA: :UK'S CMA says is considering if Standard Life and Aberdeen Assest Management deal, if carried into effect, will result in the creation of a relevant merger situation.UK'S CMA says is considering if in case of a relevant merger situation,whether it may be expected to result in substantial lessening of competition.  Full Article

Aberdeen sees scheme for Standard Life deal become effective on or around Aug. 14
Tuesday, 9 May 2017 01:14pm EDT 

May 9 (Reuters) - Aberdeen Asset Management Plc ::Court-sanctioned scheme of arrangement for Standard Life deal is expected to become effective on or around 14 august 2017.  Full Article

Standard Life says shareholder meeting to vote on Aberdeen deal on June 19
Tuesday, 9 May 2017 01:07pm EDT 

May 9 (Reuters) - Standard Life Plc ::Says that UK listing authority has approved a class 1 circular in relation to proposed merger with aberdeen asset management.Says Standard Life general meeting will be held at 2.00 p.m. On 19 June 2017.  Full Article

Standard Life says to add Martin Gilbert as director after completion of proposed merger
Tuesday, 9 May 2017 01:07pm EDT 

May 9 (Reuters) - Standard Life Plc ::Names Simon Troughton, Julie Chakraverty, Gerhard Fusenig, Richard Mully, Jutta Af Rosenborg and Akira Suzuki as non-executive directors.Names Martin Gilbert And Bill Rattray as executive directors of board.Names Rod Paris, chief investment officer, Standard Life Investments, as an executive director of board.All of these appointments are conditional upon, and will take effect from, completion of proposed merger..Post the merger, Gerry Grimstone would be chairman.  Full Article

Glencore names Aberdeen's CEO Martin Gilbert as non-executive director
Friday, 5 May 2017 05:30am EDT 

May 5 (Reuters) - Glencore Plc ::Appointment of Martin Gilbert as an independent non-executive director of company with immediate effect..Martin Gilbert is a co-founder and chief executive of Aberdeen Asset Management Plc.  Full Article

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

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Mehta joins Aberdeen to set up loan platform

LONDON, May 12 (IFR) - Paul Mehta is to join Aberdeen Asset Management to head up and build its new loan platform.