9 Aug 2018 07:00
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
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+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
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Group Secretariat Paul McKenna |
+44 (0) 131 245 1168*
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