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Aviva shares shift higher as it completes share buyback

Published 01/07/2024, 10:27
© Reuters.  Aviva shares shift higher as it completes share buyback
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Proactive Investors - Aviva PLC (LON:AV) shares lifted close to 1% after it announced it completed its £300 million buyback programme.

Launched back in March, the insurance firm has now acquired some 62 million shares back from stakeholders at an average price of 478p per share.

At Friday's close, Aviva had more than 2.68 billion shares admitted to trading on the market, 3.3 million of which are scheduled to be cancelled as part of the programme.

Following the cancellation, the FTSE 100 group will have 2.67 billion shares available to buy and sell.

Back in May, Aviva reported a strong start to 2024, keeping its full-year outlook unchanged.

General insurance premiums increased 16% to £2.7 billion and workplace pensions business generated net flows of £2 billion as 136 new schemes were won.

Read more on Proactive Investors UK

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