In an update published on 9 April, the insurer said it had received valid tenders for the purchase of 67.8% of the shares, which were previously described as irredeemable. Retail investors had until 1pm on 8 April to accept the offer.
Aviva preference shares: Advisers flag ‘inappropriate’ cancellation tax hit to unwary retail investors
The update stated: “The issuer hereby announces that, as at the tender offer record time, the offeror had received valid tenders for purchase in respect of £135,544,787 in aggregate nominal amount of the preference shares (67.8% of the outstanding prefe…
Read the full article here
