Share Repurchase Programme

RNS Number : 7001U

Standard Life Aberdeen plc

01 April 2019

 

Standard Life Aberdeen plc ("the Company")

Share Repurchase Programme

At the Company's General Meeting on 25 June 2018, shareholders approved the return of up to £1.75bn in aggregate to shareholders, subject to necessary regulatory approvals. This included a return of capital of £1bn via a B Share Scheme - which completed on 22 October 2018 - and a return of up to £750m via a share buyback programme (the "Programme").

On 20 November 2018 the Company announced the commencement of the second tranche of £200m of the Programme.  This has now completed and resulted in the repurchase, and cancellation, of 79,518,804 ordinary shares in the Company's capital ("Shares") for a total consideration of £199,999,998. 

In total, the Company has now repurchased 138,205,193 ordinary shares for a total consideration of £375m and today announces that it will commence a further £175m tranche of the Programme.

On 1 April 2019, the Company entered into a non-discretionary instruction with Citigroup Global Markets Limited ("Citi") in relation to the purchase by Citi, acting as principal, of Shares for an aggregate consideration of no greater than £175m. The purchase of Shares will take place during the period commencing on 1 April 2019 and ending no later than 12 July 2019.

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.

The total number of voting rights in the Company as at 29 March 2019 is 2,473,736,726.

1 April 2019

Enquiries:

Institutional Equity Investors Jakub Rosochowski Neil Longair	[phone]* [phone] [phone]* [phone]
Media Steve Hartley	[phone]* [phone]
Group Secretariat Paul McKenna	[phone]*

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

LEI: OTMBS544NMO7GLCE7H90

 

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