Should Aviva 投資家s (問題を)取り上げる the 申し込む/申し出 of 解放する/自由な 株? It wants to 支払う/賃金 out an extra £3.75bn to 株主s... here's what it might mean for you
- Earlier this year Aviva 発表するd it will 支払う/賃金 out an extra £3.75bn to 株主s?
- The 会社/堅い will award 株主s 'B 株'?for each 株 they 現在/一般に 持つ/拘留する
- Aviva 計画(する)s to 支払う/賃金 a 直す/買収する,八百長をするd 量 of 101p to buy 支援する those B 株 in May
- But Aviva also 計画(する)s to '強固にする/合併する/制圧する' ordinary 株 (現在/一般に 価値(がある) 438p each)
- Could you find a better place to 投資する? Best and cheapest 在庫/株s & 株 Isas?
More than half a million 小売 投資家s 持つ/拘留する 株 in Aviva, one of Britain's best-known 保険会社s.
Earlier this year, the FTSE stalwart 発表するd that it planned to 支払う/賃金 out an extra £3.75 billion to 株主s ― cash that it had built up from the sale of some of its overseas 商売/仕事s.
Aviva is 提案するing to 支払う/賃金 this money through giving new 'B 株' (価値(がある) £1.01 each) to 存在するing 投資家s then buying these 支援する again.?
But the 計画/陰謀 has 原因(となる)d 混乱, with some 自信のない how to 投票(する) on the 提案 at Aviva's 近づいている AGM on May 9. If you're a 株主 trying to make sense of Aviva's 計画(する), here's our guide to what it might mean for you...
Windfalls: Earlier this year, the FTSE stalwart 発表するd it planned to 支払う/賃金 out an extra £3.75bn to 株主s ― cash it had built up from the sale of some of its overseas 商売/仕事s
Why has Aviva got so much cash?
Like most big 商売/仕事s, the way Aviva operates is 絶えず 発展させるing as it 捜し出すs to stay profitable in a changing market.
In 最近の years, its 焦点(を合わせる) has been on 簡素化するing its activities, selling off some parts of the 商売/仕事 (特に those outside the UK and Ireland) to 焦点(を合わせる) on what it thinks it does best.
'Put 簡単に, Aviva is a much simpler beast than it once was,' says Sophie Lund-Yates of Hargreaves Lansdown.
The company's new CEO, Amanda Blanc, says she wants to concentrate on growing Aviva's presence in the 退職 and 年金s market.
And having sold off most of its overseas 商売/仕事s not 関連した to that 目的(とする), Aviva has built up cash proceeds of some £7.5 billion.
It has decided to use the 基金s to 支払う/賃金 負かす/撃墜する 負債 and return some 資本/首都 to 株主s.
What does it 計画(する) to do?
The main part of Aviva's 計画(する) (which needs 是認 from 株主s) 回転するs around creat ing something called 'B 株'.
'Every ordinary 株主 will receive one 一時的な 株 known as a B 株 for each 株 they 現在/一般に 持つ/拘留する,' says an Aviva spokesperson. 'We will then 支払う/賃金 a 直す/買収する,八百長をするd 量 to redeem each B 株.'
The company 計画(する)s to give these B 株 a value of 101p. It will then すぐに buy 支援する those B 株 in May, resulting in a 資本/首都 伸び(る) for 株主s.
If you 現在/一般に 持つ/拘留する 2,000 Aviva 株, you will therefore receive だいたい £2,020.
There's then a second part of the 計画(する) in which Aviva will '強固にする/合併する/制圧する' its ordinary 株 (現在/一般に 価値(がある) 438p each).
Under this 計画(する), 存在するing 株主s will receive 76 株 for every 100 they 以前 owned. Crucially, though, that doesn't mean 投資家s 結局最後にはーなる with いっそう少なく than they had before.
Once £3.75 billion has been returned to 株主s, Aviva will be a smaller 会社/堅い on paper.?
The 株 consolidation will therefore 減ずる the total number of 株 利用できる so 投資家s 持続する an 全体にわたる 火刑/賭ける of the same value.
Why is it 支払う/賃金ing money this way?
After a strong year, Aviva has already 上げるd its (株主への)配当 ― the 株 of its 利益(をあげる)s passed on to 投資家s.
投票(する): If at least 75 per cent of 株主s 支援する Aviva's 計画(する), it will go ahead
However, it now wants to 配分する this one-off 資本/首都 from its 商売/仕事 sales by 問題/発行するing B 株.
There are 重要な advantages for 小売 株主s in 支払う/賃金ing out 資本/首都 this way.
投資家s are 現在/一般に する権利を与えるd to an 年次の (株主への)配当 allowance of £2,000, with anything above that 税金d at a 最小限 of 8.75 per cent.
When it comes to 資本/首都 伸び(る)s, though, 投資家s can 登録(する) £12,300 per year before having to 支払う/賃金 税金.?
In theory, the B 株 計画/陰謀 should mean that 投資家s can 保護する more of their payout from the 税金 man.
Is it the first to do this?
Not at all. The 問題/発行するing (and buying 支援する) of B 株 is an 設立するd way of returning 資本/首都 to 株主s.
That said, it tends to be used in special circumstances where a company has suddenly come into a large sum of 資本/首都 ― typically に引き続いて a big sale.
基準 Life did the same thing in 2018, when it returned £1 billion to 株主s after selling its UK and European 保険 商売/仕事.?
Sainsbury's also 問題/発行するd B 株 when it sold its 株 in a U.S. supermarket chain in 2004.
The 提案 will be put to a 投票(する) of Aviva's 株主s at the 会社/堅い's AGM. If at least 75 per cent of 株主s 支援する the 計画(する), it will go ahead.?
株主s should have been sent their 投票(する)ing forms and 株主 言及/関連 number by 地位,任命する or email.?
You can 投票(する) by 地位,任命する or by …に出席するing the 会合 online (web.lumiagm.com/171-925-637).
Should you 投票(する) for the 提案?
There is no 'catch' in the 計画(する) for 小売 投資家s. If it goes ahead, they will receive the money.
Aviva's 未来 株 price, 一方/合間, will depend on its 業績/成果 afterwards. Whether the 計画(する) will 満足させる large 投資家s remains to be seen.?
The Anglo-Swedish 行動主義者 投資家 Cevian 資本/首都 現在/一般に has a 5.3 per cent 火刑/賭ける in Aviva and has criticised its 管理/経営 for not 支払う/賃金ing out more money to 株主s. Cevian has not said whether it will 支援する the 計画(する).
Have 投資家s lost out before?
投資家s may 井戸/弁護士席 remember the debacle in 2018 when Aviva 発表するd 計画(する)s to repurchase its 'preference 株'.
These gold-plated 株 had been sold to 小売 投資家s with the 約束 of a higher (株主への)配当, and were 貿易(する)ing at a 賞与金 on the market.
But suddenly the company said it 手配中の,お尋ね者 to buy them 支援する at いっそう少なく than their valuation.?
After an 激しい抗議 from 投資家s, Aviva was 軍隊d to change tack, with the fiasco 与える/捧げるing to the 出発 of its then 長,指導者 (n)役員/(a)執行力のある.
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