Aviva to Increase, Extend Share Buyback to GBP1.0 Billion
16 December 2021 - 6:42PM
Dow Jones News
By Kyle Morris
Aviva PLC said Thursday that it will increase and extend its
share buyback program to 1.0 billion pounds ($1.33 billion).
The FTSE 100 listed insurer said the program has been increased
from GBP750 million and the maximum number of shares to now be
acquired is 392 million.
The buyback began on Aug. 13 and will now complete no later than
March 31.
"We are increasing our share buyback to GBP1 billion as part of
our commitment to return at least GBP4 billion to ordinary
shareholders. We will update further on our capital return and
dividend plans at our full-year results in March 2022," Chief
Executive Amanda Blanc said.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
December 16, 2021 02:27 ET (07:27 GMT)
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