Search Any Latest Music Below

Preference Shares Issues: Aviva Reveals Decision

British insurer Aviva , which raised a ruckus after declaring it has the ability to cancel its preference shares at par value, has backpedalled.

Admitting it has received strong criticism following the controversial March 08 announcement, Aviva has now “decided to take no action to cancel its preference shares,” referring to preference shares issued by Aviva plc and General Accident plc. In a statement issued this morning, Aviva said it has listened.

“Under current regulation the preference shares will no longer count as regulatory capital in 2026,” read the statement.

“ Aviva will work towards obtaining regulatory approval for the preference shares, or a suitable substitute, to qualify as capital from 2026 onwards. If as we approach 2026 Aviva needs to reconsider this position, it will do so after taking into account the fair market value of the preference shares at that time.”

Explaining how the review of the preference shares came about in the first place, Aviva said it was initiated as a result of the firm’s duty to examine what is right for the business while balancing the interests of both ordinary and preference shareholders.

“Aviva needed to address the issue of the preference shares given regulatory capital considerations and their cost,” it stated.

But following the backlash, the insurer will not be making good on its ‘threat’ – at least that’s how somehave termed the earlier pronouncement – to cancel the shares.

Olamide New Songs
Davido New Songs
Phyno New Songs
Ghana Music Songs
olamide latest Songs
shatta wale new 2019 songs
AKA latest Songs
latest music 2019
latest songs 2019
latest 2019 Naija Music
davido new 2019 songs
latest South Africa Music 2019
wizkid new 2019 songs
2019 latest songs
tekno new 2019 songs
sarkodie new 2019 songs
Phyno new songs
latest Ghana songs 2019
latest Nigeria music 2019
new Naija music 2019
Latest Burna Boy 2019 Songs
Latest Falz 2019 Songs
Latest Patoranking 2019 Songs
Latest Tiwa Savage 2019 Songs
Latest Harrysong 2019 Songs
Latest Emtee 2019 Songs
Latest Runtown 2019 Songs
Latest Flavour 2019 Songs
Latest Timaya 2019 Songs
Latest Distruction Boyz 2019 Songs
Latest Nasty 2019 Songs
Latest Dremo 2019 Songs
Latest CDQ 2019 Songs
Latest Yung6ix 2019 Songs
Latest Lil kesh 2019 Songs
Latest Reekado Banks 2019 Songs
Latest Dbanj 2019 Songs
Latest Ycee 2019 Songs
Latest Simi 2019 Songs
Latest Yemi Alade 2019 Songs
Latest Kizz Daniel 2019 Songs
Latest Dammy Krane 2019 Songs
Latest Reminisce 2019 Songs

About Author


Related Posts

Leave a comment


Name Below (Required)      


© 2018 MP3GIST.COM Mp3 Mp4 Mkv Videos And Music Download. flexyjam, fakaza, hiphopza, naijaloaded, tooxlcusive, waploaded, netnaija, 9jaflaver
About us || Content Removal ||Privacy Policy || Contact us || Advertise Here