Aviva extends share buyback to $1.3 billion
Reuters
Published Dec 16, 2021 07:23
Updated Dec 16, 2021 07:37
LONDON (Reuters) - Aviva plc (LON:AV) said on Thursday it will increase its share buyback programme from 750 million pounds ($994.28 million) to a maximum of 1 billion pounds ($1.33 billion).
"We are increasing our share buyback as part of ourcommitment to return at least 4 billion pounds to ordinary shareholders," group chief executive Amanda Blanc said in a statement.
Aviva has been under pressure from activist investor Cevian to increase its shareholder payouts, saying the insurer should return 5 billion pounds to investors by the end of 2022 after selling a string of its international businesses.
($1 = 0.7543 pounds)
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Written By: Reuters
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