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Share repurchase programme

9 Aug 2018 07:00

RNS Number : 2691X
Standard Life Aberdeen plc
09 August 2018
 

 

 

 

Standard Life Aberdeen plc ("the Company")

 

 

 

Share Repurchase Programme

 

The Company announces that it will commence an initial share repurchase programme of the Company's ordinary shares up to a maximum consideration of £175m (the "Programme").

 

On 08 August 2018, the Company entered into a non-discretionary instruction with Merrill Lynch International ("Merrill Lynch") in relation to the purchase by Merrill Lynch, acting as principal, of ordinary shares in the Company's share capital (the "Shares") for an aggregate consideration of no greater than £175m. The purchase of Shares will take place during the period commencing on 09 August 2018 and ending no later than 21 November 2018.

Any purchase of Shares done in relation to this announcement will be carried out on the London Stock Exchange and executed in accordance with the Listing Rules and the Company's authority to make market purchases of Shares. The Company will announce any market repurchase of Shares no later than 7.30 a.m. on the business day following the calendar day on which the repurchase occurred. The purpose of the Programme is to reduce the share capital of the Company. All Shares purchased will be cancelled.

 

 

09 August 2018

 

 

Enquiries:

 

Institutional Equity Investors

Jakub Rosochowski

 

 

Neil Longair

 

 

+44 (0) 131 245 8028*

+44 (0) 7515 298 608

+44 (0) 131 245 6466*

+44 (0) 7711 357 595

Media

Katy Hetherington 

 

+44 (0) 131 245 2283*

+44 (0) 7841 344 374

 

Group Secretariat

Paul McKenna

 

+44 (0) 131 245 1168*

 

 

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

 

 

 

 

LEI: OTMBS544NMO7GLCE7H90

 

 

END

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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