View more on these topics

Aviva set to launch on NYSE

Aviva has announced its intension to list on the New York Stock Exchange with plans to commence trading on October 20.

The insurer has completed the registration process with the Securities and Exchange Commission and has received authorisation from NYSE to list.

No new Aviva ordinary shares will be issued in connection with the listing and Aviva will retain its current primary listing on the London Stock Exchange.

More than 20 per cent of Aviva’s shareholders are in the US.

The firm says the listing will make it more convenient and cost efficient for US investors to hold Aviva shares, allowing Aviva to attract and retain staff outside the UK through competitive incentive programmes.

The listing will also give further momentum to Aviva’s brand in the US as it looks to grow in the retirement market, accelerate life insurance sales and benefit from the country’s demographics over time.

Group chief executive Andrew Moss says: “The US is a strategically important market for Aviva. It is the largest savings market in the world and represents a significant growth opportunity for us over the long term. Listing now is a natural step for Aviva as more than 20 per cent of our shareholders are in the US and we expect that number to increase.”

Recommended

CBI survey shows rise in business volumes

Business volumes in UK financial services firms grew for the first time in two years, according to a survey from the Confederation of British Industry and PricewaterhouseCoopers.

Class act

The past month has seen the 10th anniversary of Helm Godfrey and while I obviously took the time to appreciate the good fortune our company has had over the decade, I have also used the occasion to cast my mind back to when it all began.

Dividend slump? Not if you look globally

By George Boyd-Bowman, Manager of the Neptune Global Income Fund Recent research has indicated that global dividend growth will slump by as much as 50 per cent in 2016. As collapsing commodities hit high-profile dividend payers, George Boyd-Bowman explains why the US and Japan are his top picks for income growth in 2016. Click here […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment