Friends Life Group Friends Life and its subsidiary undertakings
and associated undertakings
Friends Life Record the time and date by reference to which the
Date entitlements of Friends Life Shareholders to
receive the proposed second interim Friends
Life dividend of 24.1p per share will be determined,
but which in all circumstances will be before
the date on which the Scheme becomes Effective
Friends Life Shareholders holders of Friends Life Shares
Friends Life Shares ordinary shares of no par value in the capital
of Friends Life
Friends Life Share the share schemes operated by the Friends Life
Schemes Group, being the Friends Life Long Term Incentive
UK Companies Act Companies Act 2006 (as amended)
US or United States the United States of America, its territories
and possessions, any state of the United States
and the District of Columbia
US Exchange Act US Securities Exchange Act of 1934 (as amended)
US Securities Act US Securities Act of 1933 (as amended)
Value Share the interests held by RCAP in the Partnership
through which certain returns are distributed
to RCAP, as described in more detail in Friends
Life's annual report and accounts 2013
Wider Aviva Group Aviva and its subsidiaries, subsidiary undertakings,
associated undertakings and any other body corporate
partnership, joint venture or
If you are in any doubt about the contents of this announcement or the action you should take, you are recommended to seek your own independent personal financial advice immediately from your stockbroker, bank manager, solicitor, accountant, fund manager or other appropriate independent financial adviser duly authorised under the UK Financial Services and Market Act 2000 (as amended) if you are resident in the UK or, if not, from another appropriately authorised independent financial adviser.
In addition, assuming the Proposed Acquisition completes, Friends Life Shareholders who are on the Friends Life shareholder register at the Friends Life Record Date will also be entitled to receive, in place of Friends Life's 2014 final dividend, Friends Life's proposed second interim dividend of 24.1p per share, in respect of the 2014 financial year, resulting in a 2014 full year dividend of 31.15p per share.
The Proposed Acquisition is expected to result in an immediate reduction in financial leverage to a level that achieves Aviva's stated medium term objectives of external debt leverage below 40 per cent.
RNS Number : 5542Y
02 December 2014
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
THE FOLLOWING ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND FRIENDS LIFE SHAREHOLDERS SHOULD NOT MAKE ANY INVESTMENT DECISION IN RELATION TO THE NEW AVIVA SHARES EXCEPT ON THE BASIS OF THE INFORMATION IN THE SCHEME DOCUMENT AND THE AVIVA PROSPECTUS WHICH ARE PROPOSED TO BE PUBLISHED IN DUE COURSE
FOR IMMEDIATE RELEASE
2 December 2014
RECOMMENDED ALL-SHARE ACQUISITION OF
FRIENDS LIFE GROUP LIMITED BY AVIVA PLC
-- The Boards of Aviva and Friends Life are pleased to announce that they have reached agreement on the terms of a recommended
By David Wighton and Ian Walker
Investors gave a cautious welcome to the final terms of a GBP5.6 billion ($8.8 billion) deal in which Aviva PLC would acquire Friends Life Group Ltd., creating the U.K.'s largest insurance, savings and asset-management company.
Cost savings will always be at the core of the procurement
organization’s role in any enterprise, but today, procurement groups can
also help boost organizational performance and productivity by engaging
in the development and execution of their company’s strategic direction.
Avnet Embedded, a division of Avnet Electronics Marketing Americas, a
business region of Avnet,
Inc. (NYSE: AVT ),
today announced it has been named a winner in Dell OEM’s channel program
Partner of the Year Awards for Dell’s Fiscal Year 2015.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.