16th Dec 2021 09:20
(Alliance News) - Aviva PLC on Thursday unveiled plans to expand its current share buyback programme to GBP1 billion from GBP750 million.
The scheme will be extended to no later than March 31. The increase is part of the London-based insurer's commitment to return GBP4 billion to ordinary shareholders. The total maximum number of shares to be acquired under the programme has been raised to 392 million.
"We will update further on our capital return and dividend plans at our full year results in March 2022," Chief Executive Amanda Blanc added.
As at December 15, 158 million shares had been purchased under the programme for a total of GBP635 million.
Shares in the company were up 1.2% at 400.60 pence each on Thursday morning in London.
By Will Paige; [email protected]
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