Aviva PLC (AV.L)
Latest Key Developments (Source: Significant Developments)
Aviva plc:Says that an interim dividend of 6.75p was announced on Aug. 6, 2015.The dividend payment date is Nov. 17, 2015 for ordinary shareholder on the Register of Members on Oct. 9, 2015.Says ADR ex-dividend date is Oct. 7, 2015.The dividend payment date for ADR holders is Nov. 23, 2015. Full Article
Aviva plc:Says proposed acquisition approved by Prudential Regulation Authority (PRA) and the Financial Conduct Authority.Says on Dec. 02, 2014, Friends Life and Aviva announced that they had reached agreement on the terms of a recommended all-share acquisition of the entire issued and to be issued ordinary share capital of Friends Life by Aviva (Proposed Acquisition) to be implemented.Friends Life and Aviva announce that, pursuant to Part XII of the Financial Services and Markets Act 2000 (as amended) (FSMA), the PRA has approved acquisition of control by Aviva of Friends Life Group entities authorised by the PRA and regulated by the PRA and the FCA.Pursuant to Part XII of FSMA, FCA has also approved the acquisition of control by Aviva of the Friends Life Group entities authorised and regulated by the FCA.Whilst all required regulatory approvals have now been received, the Proposed Acquisition remains subject to the satisfaction or waiver (if capable of waiver) of the remaining Conditions set out in the scheme document in relation to the Scheme dated Jan. 19. Full Article
Aviva PLC:Proposes Acquisition unconditionally cleared by European Commission.On Dec. 02, 2014 Friends Life and Aviva announced that they had reached agreement on terms of a recommended all-share acquisition of the entire issued and to be issued ordinary share capital of Friends Life by Aviva to be implemented by way of a court-sanctioned scheme of arrangement.Friends Life and Aviva announces that, earlier, the European Commission confirmed that, following its phase I review, it has unconditionally cleared the Proposed Acquisition.Proposed Acquisition remains subject to the satisfaction or waiver (if capable of waiver) of the remaining Conditions set out in the scheme document in relation to the Scheme dated Jan. 19. Full Article
Aviva Plc:Recommends a final dividend of 12.25 pence per share on Aviva ordinary shares.Dividend will be paid on May 15, 2015 to shareholders on the Register of Members on the record date of April 9, 2015. Full Article
Aviva plc:Aviva Investors Global Services, part of Aviva, has paid out 150 mln Pounds ($232 mln) in fines and compensation after failing to control conflicts of interest, Britain's markets watchdog said - Reuters.The Financial Conduct Authority said it fined Aviva Investors 17.6 mln Pounds for systems and controls failings spanning eight years to June 2013.These weaknesses led to compensation of 132 mln Pounds being paid to ensure that none of the funds Aviva Investors managed was adversely affected, the regulator said.Aviva Investors used a management strategy whereby funds that paid different levels of performance fees were managed by the same trading desk.The same people were managing hedge funds, which typically pay a high fee for outperforming the market, and so-called long funds that pay much lower fees.Some of these fees were paid to traders who managed the funds.This type of incentive structure created conflicts of interest as these traders had an incentive to favour one fund over another.Traders were able to delay recording the allocation of trades for several hours without being detected internally.Compensation was paid to eight funds managed by Aviva on behalf of other companies within the group. Full Article
LONDON A group of 40 investors managing $1.25 trillion in assets have launched a campaign to encourage 16 global food companies to change the way they source protein for their products to help to reduce environmental and health risks.