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AVEVA Group PLC (AVV.L)

AVV.L on London Stock Exchange

2,136.00GBp
20 Apr 2018
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0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Aveva Says ‍Application Made For Admission Of 97.2 Mln Consideration Shares To Be Issued To Schneider Electric
Wednesday, 28 Feb 2018 02:02am EST 

Feb 28 (Reuters) - Aveva Group Plc ::‍APPLICATION MADE TO UK LISTING AUTHORITY, LSE FOR ADMISSION OF 97.2 MILLION CONSIDERATION SHARES TO BE ISSUED TO SCHNEIDER ELECTRIC GROUP​.  Full Article

Aveva Names Craig Hayman As CEO
Thursday, 1 Feb 2018 08:00am EST 

Feb 1 (Reuters) - Aveva Group Plc ::APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER.APPOINTMENT TO ITS BOARD OF CRAIG HAYMAN AS CEO WITH AN EFFECTIVE DATE OF 19 FEBRUARY 2018. CRAIG WILL BE BASED IN UK.‍HAYMAN IS JOINING FROM PTC INC, WHERE HE HAS MOST RECENTLY BEEN CHIEF OPERATING OFFICER.  Full Article

Aveva Says U.S. CFIUS Review Of Schneider Deal Moved To Phase II
Wednesday, 27 Dec 2017 02:00am EST 

Dec 27 (Reuters) - Aveva Group Plc ::‍REVIEW PROCEDURE OF COMMITTEE ON FOREIGN INVESTMENTS IN UNITED STATES ("CFIUS") IS STILL ONGOING AND HAS NOW MOVED ON TO PHASE II​.‍PHASE II SHOULD BE NO LONGER THAN 45 CALENDAR DAYS AND CLEARANCE IS EXPECTED TO BE RECEIVED ON OR AROUND 9 FEBRUARY 2018​.  Full Article

AVEVA, Schneider gets all regulatory clearances except CFIUS approval
Friday, 15 Dec 2017 02:00am EST 

Dec 15 (Reuters) - Aveva Group Plc ::‍UPDATE RE CLEARANCES & EXPECTED CLOSING TIMETABLE​.CO, SCHNEIDER ELECTRIC ARE CONFIRM ALL OUTSTANDING REGULATORY CLEARANCES REQUIRED AHEAD OF COMPLETION OF COMBINATION HAVE BEEN RECEIVED​.‍APPROVAL OF COMMITTEE ON FOREIGN INVESTMENTS IN UNITED STATES NOT YET RECEIVED; REVIEW PROCEDURE IS ONGOING​.‍AVEVA AND SCHNEIDER ELECTRIC ARE NOT AWARE OF AND DO NOT EXPECT ANY SUBSTANTIVE CFIUS CONCERNS​.‍CFIUS APPROVAL FOR DEAL IS NOT EXPECTED BEFORE VERY LATE DECEMBER 2017 AT EARLIEST, AND MAY EXTEND AS LATE AS MID-FEBRUARY 2018​.‍EXPECTS COMPLETION OF COMBINATION TO OCCUR AT END OF JANUARY OR FEB 2018, SUBJECT TO ANY UNFORESEEN DELAYS IN CFIUS APPROVAL PROCESS​.‍AVEVA IS CONTINUING PROCESS OF SELECTING A CHIEF EXECUTIVE OFFICER FOR COMBINED CO​.  Full Article

Aveva investors back Schneider deal
Friday, 29 Sep 2017 06:05am EDT 

Sept 29 (Reuters) - AVEVA GROUP PLC ::ALL RESOLUTIONS IN ‍CONNECTION WITH PROPOSED COMBINATION OF AVEVA AND SCHNEIDER ELECTRIC SOFTWARE BUSINESS WERE PASSED ON A POLL AT GENERAL MEETING​.  Full Article

Schneider sees possible new acquisitions in core business - CFO
Tuesday, 5 Sep 2017 04:57am EDT 

Sept 5 (Reuters) - Schneider Electric SE :Schneider financial director says maintains dividend policy and its share buy-back programme after aveva deal.Schneider sees possible new acquisitions in group's core business - CFO.  Full Article

Aveva CEO says more confident Schneider deal will succeed this time
Tuesday, 5 Sep 2017 02:50am EDT 

Sept 5 (Reuters) - Aveva :Ceo says deal with schneider electric schn.pa is 'much further progressed' than previous attempts.Ceo says merger agreement with schneider is binding, will include break fee.Ceo says schneider schn.pa will contribute more to business than in previous attempts, hence larger share.Ceo says schneider schn.pa has worked to separate software assets, removing previous hurdle.Ceo says deal mostly about top-line growth, synergies in areas of duplication.  Full Article

Schneider Electric combines with Aveva on software business‍​
Tuesday, 5 Sep 2017 02:48am EDT 

Sept 5 (Reuters) - SCHNEIDER ELECTRIC SE ::COMBINATION OF AVEVA AND SCHNEIDER ELECTRIC INDUSTRIAL SOFTWARE BUSINESS TO CREATE GLOBAL LEADER IN ENGINEERING AND INDUSTRIAL SOFTWARE‍​.TO PAY TO AVEVA GBP 550 MILLION IN CASH (APPROXIMATELY 858 PENCE PER ORDINARY SHARE), CO TO HOLD A MAJORITY OF THE ENLARGED AVEVA SHARE CAPITAL.ON COMPLETION SCHNEIDER ELECTRIC WILL OWN 60 PERCENT OF ENLARGED AVEVA GROUP ON A FULLY DILUTED BASIS ‍​.ON COMPLETION EXISTING AVEVA SHAREHOLDERS AND PARTICIPANTS IN AVEVA SHARE PLANS WILL RETAIN 40 PER CENT EQUITY OWNERSHIP (ON FULLY DILUTED BASIS)‍​.AVEVA TO DISTRIBUTE GBP 100 MILLION (C. 156 PENCE PER ORDINARY SHARE) IN CASH TO SHAREHOLDERS (EXCLUDING SCHNEIDER ELECTRIC) AT OR AROUND COMPLETION.COMPLETION OF COMBINATION EXPECTED TO BE AT OR AROUND THE END OF 2017, IF NUMBER OF CONDITIONS ARE FULFILLED.  Full Article

Schneider Electric says combining software ops with Aveva
Tuesday, 5 Sep 2017 02:18am EDT 

Sept 5 (Reuters) - Schneider Electric SE :Schneider Electric says combining its industrial software business with Aveva.Schneider Electric says its board of directors and Aveva group board have reached agreement on the terms and conditions of a combination of Aveva and Schneider Electric industrial software business.Schneider Electric - combined entity will be a global leader in engineering and industrial software with combined revenues and adjusted EBITA of approximately £657.5 mi.Schneider Electric - combination will create an enlarged Aveva group well-positioned to take advantage of future M&A opportunities building on its scale and comprehensive industry and lifecycle solution coverage.Schneider electric - on completion, following the issue of ordinary shares in the capital of Aveva to Schneider electric, Schneider Electric will own 60 percent of the enlarged Aveva Group on a fully diluted basis.Schneider Electric participants in the Aveva share plans will retain 40 per cent equity ownership (on a fully diluted basis).Schneider Electric the existing non-executive directors of Aveva will remain in place on completion.Schneider Electric - enlarged Aveva group’s headquarters will continue to be located in Cambridge, United Kingdom.Schneider Electric - enlarged Aveva Group’s relationship with Schneider Electric, as its majority shareholder, will be governed by a relationship agreement and the listing rules.  Full Article

Aveva Group says full year outlook remains in line with board's expectations
Friday, 7 Jul 2017 02:00am EDT 

July 7 (Reuters) - Aveva Group Plc :Expect phasing of revenue in FY 2018 to be broadly similar to prior year.Final dividend of 27.0 pence per share will be payable on 4 August 2017, to shareholders on register on 7 July 2017.Full year outlook remains in line with board's expectations.  Full Article