Aviva plc
Return of Capital Update
Redemption of B Shares
Following its announcement on 16 May 2022 in relation to the proposed £3.75 billion return of capital by Aviva plc (“ Aviva “ or the “ Company “) by way of a B Share Scheme, the Company confirms that the redemption of the B Shares issued pursuant to the B Share Scheme will occur today. This is in addition to the £1 billion share buy-back which was completed on 31 March 2022.
It is expected that the holders of Ordinary Shares entitled to receive payments in respect of the proceeds from the redemption of the B Shares will receive such payment by 31 May 2022, and the holders of ADSs entitled to receive payments in respect of the proceeds from the redemption of the B Shares will receive such payment by 6 June 2022 in order to allow for the conversion from pounds sterling to US dollars by the Depositary .
In accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1(A) and further to the announcement on 16 May 2022, the Company confirms that, post completion of the previously announced B Share Scheme and Share Consolidation, the Company's total issued share capital consists of 2,802,364,720 Ordinary Shares of 32 17/19 pence each, with each New Ordinary Share carrying the right to one vote. The total number of voting rights in the Company is therefore 2,802,364,720.
Capitalised terms used in this announcement which are not otherwise defined have the same meaning as set out in the explanatory circular regarding the B Share Scheme and the Share Consolidation, and containing a notice of general meeting, published on 5 April 2022 (the “Circular”).
A copy of the Circular is available at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at www.aviva.com/ return-of-capital.