LONDON, UK: Aviva Plc, the UK’s largest insurer, announced its 2023 annual results on Thursday, showing a 9% increase in group operating profit to £1,467m and a 12% increase in solvency II operating own funds generation to £1,729m. The company also declared a final dividend of 22.3 pence per share, up 8% from the previous…
Tag: Share buyback
HICL sells US toll-road project for US$232m and launches share buyback
HICL Infrastructure Company Limited (HICL) has announced the sale of its stake in the US Northwest Parkway toll-road project to VINCI Highways SAS for a net consideration of about US$232m, which is 30% higher than its latest valuation. The sale is part of HICL’s strategy to recycle capital from mature assets and invest in new…
Avon Protection plc commences £18.5mn share buyback
LONDON, UK: Avon Protection plc intends to commence a share buyback programme in respect of its ordinary shares of £1 each up to a maximum consideration of £18.5 million. The purpose of the Share Buyback Programme is to reduce the share capital of the Group in order to return value to shareholders. Avon Protection plans…
BNP Paribas launches a share buyback program of 900 million euros
PARIS, FRANCE: BNP Paribas announced the launch of a share buyback program of BNP Paribas S.A. ordinary shares for a maximum total amount of €900 million. BNP Paribas has received the approval from the European Central Bank and a contract was concluded with an investment services provider acting independently, entrusted by an irrevocable instruction to…
Anglo American to return an additional $2 billion to shareholders
LONDON, UK: Anglo American plc announced its intention to return an additional $2 billion to its shareholders through an on-market irrevocable and non-discretionary share buyback programme of $1 billion and a special dividend of $0.80 per ordinary share, equal to $1 billion. Mark Cutifani, Chief Executive of Anglo American, said: “We entered this period of…
ArcelorMittal announces new $2.2 billion share buyback program
AMSTERDAM, NETHERLANDS: ArcelorMittal has announced a new share buyback program in the amount of $2.2 billion under the authorization given by the annual general meeting of shareholders held on 8 June 2021. Company will return the proceeds from the redeemed Cleveland Cliffs preference shares and advance a part of its prospective 2022 capital return to…
Uranium specialist Yellow Cake Plc begins $10 million share buyback programme
LONDON: Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, announced the initiation of its enlarged share buyback programme to purchase up to US$10 million of the Company’s Ordinary Shares over three months, commencing on 8 July 2020. This follows the sale of…
Royal Dutch Shell announces $1.0 billion share buyback programme
LONDON: Royal Dutch Shell has announces the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018. In the next tranche, the company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a…
Shell announces commencement of trading in next tranche of its share buyback programme
LONDON: Royal Dutch Shell has commenced trading in the next tranche of its share buyback programme previously announced on July 26, 2018 with an intention to buy back at least $25 billion of its shares, a notice issued to London Stock Exchange (LSE) noted. In the next tranche, the company has entered into an irrevocable,…