Aviva plc and General Accident plc are announcing today that the discretionary goodwill payment scheme for eligible preference shareholders is now open for claims.
As announced on 30 April 2018, Aviva is offering a discretionary goodwill payment scheme to shareholders who sold preference shares* in the period from 8 to 22 March 2018 (inclusive) at a share price that was lower than the price that the preference shares returned to following our announcement on 23 March 2018 (“the Scheme”).
The Scheme is intended to put those shareholders in the same financial position they would have been in had they sold their preference shares following the 23 March announcement, rather than the announcement made by Aviva on 8 March 2018.
Aviva has appointed KPMG LLP (“KPMG”) as an independent administrator of the Scheme. The full terms and conditions of the Scheme and instructions for making a claim, together with updated frequently asked questions, are available on the KPMG website at: www.kpmg.co.uk/aviva-scheme.
KPMG is also in the process of contacting all registered holders who have been identified as entering into a sale of preference shares during the period from 8 to 22 March 2018 (inclusive) notifying them of the launch of the Scheme. If the registered holder was not the beneficial owner of the preference shares, and therefore is not the party that is eligible to make the claim in the Scheme, they have been requested to pass on the information regarding the launch of the Scheme to their underlying clients.
If you are eligible and wish to participate in the Scheme, you must complete and submit a claim form to KPMG by no later than 31 January 2019. If you have given authority to your broker for them to submit your claim on your behalf (as part of the broker-facilitated process we commenced on 1 June 2018), then you do not need to submit a claim directly to KPMG and instead should await further correspondence from your broker.
KPMG has established a dedicated helpline to assist any parties with queries in relation to the Scheme on:
UK Freephone: 0808 169 7987
International: +44 (0) 203 805 2559
(Open 0900 – 1700hrs Monday to Friday, excluding UK public holidays)
All other information remains as set out in our announcement of 30 April 2018. Previous Aviva announcements on preference shares can be found at: https://www.aviva.com/investors/Preference-shares/
*Preference shares issued by Aviva plc and General Accident plc (a member of the Aviva Group)
+44 (0)20 7662 0215
+44 (0)20 7662 3131
+44 (0)20 7662 6700
+44 (0)20 7662 8115
+44 (0)20 7662 0911
Notes to editors:
- Aviva is a leading international savings, retirement and insurance business.
- Our aim is to earn our customers’ trust as the best place to save for the future, navigate retirement and insure what matters most to them. Last year, we paid c.£33 billion in claims and benefits on behalf of our 33 million customers.
- We operate through five business divisions: Investments, Savings & Retirement; UK Life; General Insurance; Europe Life; and Asia Life; and focus on three strategic priorities: deliver great customer outcomes, excel at the fundamentals and invest in sustainable growth.
- Total group assets under management at Aviva group are £501 billion (as at 30 June 2019) and our Solvency ratio is 195% (3Q19). Our shares are listed on the London Stock Exchange and we are a member of the FTSE 100 index.
- For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us
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