(AV-.L) Aviva PLC Buy/Sell

RNS Number : 8673C Aviva PLC 20 November 2009

FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the City Code on Takeovers and Mergers)

1. KEY INFORMATION
Name of person dealing (Note 1) AVIVA PLC AND ITS SUBSIDIARIES
Company dealt in HANSEN TRANSMISSIONS

Class of relevant security to which ORD NPV (DI)

the dealings being disclosed relate (Note 2)
Date of dealing 19 NOVEMBER 2009
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 3)
Long Short
Number (%) Number (%)
(1) Relevant securities 14,539,779 2.170% 0 0%
(2) Derivatives (other than options) 0 0% 0 0%
(3) Options and agreements to purchase/sell 0 0% 0 0%
Total 14,539,779 2.170% 0 0%
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note

Class of relevant security: Long Short
Number (%) Number (%)
(1) Relevant securities 0 0% 0 0%
(2) Derivatives (other than options) 0 0% 0 0%
(3) Options and agreements to purchase/sell 0 0% 0 0%
Total 0 0% 0 0%
(c) Rights to subscribe (Note 3)

Class of relevant security: Details

3. DEALINGS (Note 4)
(a) Purchases and sales
Purchase/sale Number of securities Price per unit (Note 5)
PURCHASE 1,325,985 GBP0.950000

(b) Derivatives transactions (other than options)

Product name, e.g. CFD Long/short (Note 6) Number of securities Price per unit (Note
(Note 7) 5)

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name,e.g. call option Writing, selling, Number of securities Exercise price Type, e.g. American, Expiry date Option money
purchasing, varying to which the option European etc. paid/received per
etc. relates (Note 7) unit (Note 5)
(ii) Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 5)

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5)

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

RNS Number : 8670C Aviva PLC 20 November 2009

FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the City Code on Takeovers and Mergers)

1. KEY INFORMATION
Name of person dealing (Note 1) AVIVA PLC AND ITS SUBSIDIARIES
Company dealt in HANSEN TRANSMISSIONS

Class of relevant security to which ORD NPV (DI)

the dealings being disclosed relate (Note 2)
Date of dealing 18 NOVEMBER 2009
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a) Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 3)
Long Short
Number (%) Number (%)
(1) Relevant securities 13,213,794 1.972% 0 0%
(2) Derivatives (other than options) 0 0% 0 0%
(3) Options and agreements to purchase/sell 0 0% 0 0%
Total 13,213,794 1.972% 0 0%
(b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note

Class of relevant security: Long Short
Number (%) Number (%)
(1) Relevant securities 0 0% 0 0%
(2) Derivatives (other than options) 0 0% 0 0%
(3) Options and agreements to purchase/sell 0 0% 0 0%
Total 0 0% 0 0%
(c) Rights to subscribe (Note 3)

Class of relevant security: Details

3. DEALINGS (Note 4)
(a) Purchases and sales
Purchase/sale Number of securities Price per unit (Note 5)
SALE 262,973 GBP1.175400

(b) Derivatives transactions (other than options)

Product name, e.g. CFD Long/short (Note 6) Number of securities Price per unit (Note
(Note 7) 5)

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product name,e.g. call option Writing, selling, Number of securities Exercise price Type, e.g. American, Expiry date Option money
purchasing, varying to which the option European etc. paid/received per
etc. relates (Note 7) unit (Note 5)
(ii) Exercising

Product name, e.g. call option Number of securities Exercise price per unit (Note 5)

(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5)

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

LONDON, Nov 20 (Reuters) - Asset manager BlackRock will transfer the management of two real estate fund of funds to Aviva Investors following the departure of the funds' manager for Aviva, both companies said on Friday.
The transfer is to help maintain continuity for unitholders, after John Gellatly joined Aviva Investors' Real Estate Multi Manager (REMM) team from BlackRock in September 2009, the companies said in a joint statement.
When the transfer is completed on Nov. 24, the 62.6 million pound ($104 million) BlackRock European Property Fund of Funds and the 54.8 million pound BlackRock UK Property Fund of Funds will be renamed as Aviva Investors' funds.
The financial terms of the transfer are confidential, an Aviva Investors spokesman said.
"The hiring of John Gellatly, who has extensive experience of the indirect real estate markets and particular knowledge of these funds, prompted the decision to bring them onboard," Nick Mansley, Aviva Investors global head of REMM said.
"The addition of the funds is consistent with our overall plans to expand the business to offer clients pooled solutions alongside the existing segregated account service," he said.
Aviva Investors manages 21 billion pounds ($35 billion) in real estate assets globally, while BlackRock's real estate team manages $19 billion worldwide.

(Reporting by Daryl Loo; Editing by Andrew Macdonald)

($1=.6002 Pound)

(See www.reutersrealestate.com for the global service for real estate professionals from Reuters) Keywords: BLACKROCK AVIVA/PROPERTY (daryl.loo@thomsonreuters.com; +44 (0)207 542 5228; Reuters Messaging: daryl.loo.reuters.com@reuters.net)

COPYRIGHT

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LONDON, Nov 19 (Reuters) - Eurohypo has arranged a 340 million pounds ($567 million) club financing deal for UK property outsourcing company Telereal Trillium in a sign specialist lenders are returning to the credit-starved sector.
The facility has been provided by three other banks besides Eurohypo -- Lloyds, Barclays and Santander -- and refinances an existing loan Telereal Trillium drew down to help fund the purchase of Trillium from Land Securities in January.
Deal terms are being kept confidential, a Eurohypo spokesman told Reuters.
Telereal Trillium manages real estate occupied by local and central government departments, including Royal Mail, the Department of Work and Pensions, and private sector occupiers such as BT, Aviva and Royal Bank of Scotland .

"This financing has been tailored to meet the specific requirements of Telereal Trillium and reflects the strength of the management and underlying income stream from these core assets," said Eurohypo's director of origination. "It also clearly demonstrates Eurohypo's ongoing commitment to new lending in the UK, meeting the requirements of professional investors," he said.

(Reporting by Sinead Cruise; Editing by Andrew Macdonald)

($1=.6002 Pound)

(See www.reutersrealestate.com for the global service for real estate professionals from Reuters) Keywords: EUROHYPO TELEREAL/ (sinead.cruise@thomsonreuters.com; +44 (0)207 542 5154; Reuters Messaging: sinead.cruise.reuters.com@reuters.net)

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By Jonathan Gould

FRANKFURT, Nov 18 (Reuters) - Insurers are showing increasing irritation at being lumped in with banks as regulators tighten the reins on the financial sector to avoid future crises.
Insurance companies, who argue they were not the cause of the financial crisis, rather the victims, face big increases in capital buffers they must maintain to protect customers in the event of another crisis, just as banks do.
Unjustifiably big increases, insurers say.
European insurance regulator CEIOPS is hammering out a set of new rules called Solvency II for determining how much capital insurers must hold to cover risks they face.

Insurance has a different way of transmitting systemic shocks than banks do, because insurers have a completely different business model, said Alberto Corinti, Deputy Director General of European insurance industry association CEA.
"What we want in Solvency II is the right level of capital," Corinti, a former head of CEIOPS's secretariat, said at the Euro Finance Week conference.
"What we don't accept now is that, just because the crisis has highlighted banks should increase their capital ... there should also be an increase of capital in Solvency II," he said.
CEIOPS counters that its last major test of draft capital rules, carried out with the industry in 2008, was conceived before the financial crisis struck and said the latest changes reflect new knowledge about what can go wrong -- for example, with insurers' use of derivatives.
"We need to take into account the lessons of the crisis," said Gabriel Bernardino, who took over as CEIOPS chairman at the end of last month.
Bernardino has stressed that regulators are still in discussion with the industry on capital rules, including those affecting annuity products which British insurers say might force them to bolster their reserves by 50 billion pounds ($84 billion).
"We will try to devise a solution that will be a practical one, that will be taken within the scope of Solvency II," Bernardino told Reuters.
"The implications are so huge that a technical subject starts to be a political issue," he said, adding Europe's politicians would ultimately decide how to resolve the issue, but probably not for several months.

Insurers also said they were not fairly represented on a European Systemic Risk Board being set up to identify and warn of financial sector risks.
The board, to be chaired by European Central Bank President Jean-Claude Trichet and including all EU central bank governors among its 33 members, will have only one insurance supervisor.
On Wednesday, Trichet stressed the role of insurers and pension funds in affecting financial stability.
But AXA's chief risk officer Jean-Christoph Menioux said the role reserved for insurers on the board was inconsistent.
"We don't want to be put in the same basket as banks because the nature of risks is completely different, which was evident in the latest crisis," he told Reuters at the Euro Finance Week conference, adding that while insurers were big investors, they faced little leverage or liquidity risk.
"Either we are systemic and we should be represented properly, or we are not and so shouldn't even be in the board," Menioux said.
Insurance supervisors are angling to redress the mismatch, possibly through an insurance sub-committee within the board.
"It would be to the benefit of everyone if we could find a better solution," CEIOPS Secretary General Carlos Montalvo said. "We have to be rightly represented."

(Editing by Dan Lalor)

($1 = 0.5946 pound) Keywords: INSURERS/CAPITAL (Reuters Messaging: jonathan.gould.reuters.com@reuters.net; +49 69 7565 1242)

COPYRIGHT

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RNS Number : 6863C Aviva PLC 18 November 2009

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1. Name of the issuer 2. State whether the
notification relates
to (i) a
transaction notified
in accordance with
DTR 3.1.2 R,
(ii) a disclosure
made in accordance
AVIVA PLC LR 9.8.6R(1) or
(iii) a disclosure
made in accordance
with section 793 of
the Companies Act
(2006).
(i)
3. Name of person 4. State whether
discharging notification relates
managerial to a person
responsibilities/ connected with a
director person discharging
managerial
responsibilities/
director named in 3
and identify the
JOHN DAVID AINLEY connected person

5. Indicate whether the 6. Description of
notification is in shares (including
respect of a holding class), debentures
of the person or derivatives or
referred to in 3 or financial
4 above or in instruments relating
respect of a to shares
nonbeneficial
interest 1

7. Name of registered 8. State the nature of
shareholders(s) and, the transaction
if more than one,
the number of shares
held by each of them

9. Number of shares, 10. Percentage of issued
debentures or class acquired
financial (treasury shares of
instruments relating that class should
to shares acquired not be taken into
account when
calculating
488 percentage)

11. Number of shares, 12. Percentage of issued
debentures or class disposed
financial (treasury shares of
instruments relating that class should
to shares disposed not be taken into
account when
calculating
N/A percentage)

13. Price per share or 14. Date and place of
value of transaction transaction
416.36p 18 NOVEMBER 2009,

15. Total holding 16. Date issuer informed
following of transaction
notification and
total percentage
holding following
notification (any
treasury shares
should not be taken
into account when 18 NOVEMBER 2009
calculating
percentage)
28,632, 0.001 %

Name of authorised official of issuer responsible for making notification

KIRSTINE COOPER, DEPUTY GROUP COMPANY SECRETARY

Date of notification: 18 NOVEMBER 2009

This information is provided by RNS The company news service from the London Stock Exchange

RDSKVLBFKFBZFBD

RNS Number : 6858C Aviva PLC 18 November 2009

18 November 2009

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1. Name of the issuer 2. State whether the
notification relates
to (i) a
transaction notified
in accordance with
DTR 3.1.2 R,
(ii) a disclosure
made in accordance
AVIVA PLC LR 9.8.6R(1) or
(iii) a disclosure
made in accordance
with section 793 of
the Companies Act
(2006).
(i)
3. Name of person 4. State whether
discharging notification relates
managerial to a person
responsibilities/ connected with a
director person discharging
managerial
responsibilities/
director named in 3
and identify the
LORD SHARMAN OF connected person

5. Indicate whether the 6. Description of
notification is in shares (including
respect of a holding class), debentures
of the person or derivatives or
referred to in 3 or financial
4 above or in instruments relating
respect of a to shares
nonbeneficial
interest 1

7. Name of registered 8. State the nature of
shareholders(s) and, the transaction
if more than one,
the number of shares
held by each of them

9. Number of shares, 10. Percentage of issued
debentures or class acquired
financial (treasury shares of
instruments relating that class should
to shares acquired not be taken into
account when
calculating
percentage)

11. Number of shares, 12. Percentage of issued
debentures or class disposed
financial (treasury shares of
instruments relating that class should
to shares disposed not be taken into
account when
calculating
percentage)

13. Price per share or 14. Date and place of
value of transaction transaction
416.36p 18 NOVEMBER 2009,

15. Total holding 16. Date issuer informed
following of transaction
notification and
total percentage
holding following
notification (any
treasury shares
should not be taken
into account when 18 NOVEMBER 2009
calculating
percentage)
33,531 SHARES
includes 200 shares
represented by 100
ADRs, 0.001 %

Name of authorised official of issuer responsible for making notification

KIRSTINE COOPER, DEPUTY GROUP COMPANY SECRETARY

Date of notification: 18 NOVEMBER 2009

This information is provided by RNS The company news service from the London Stock Exchange

RDSKVLBFKFBZFBX

RNS Number : 6855C Aviva PLC 18 November 2009

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1. Name of the issuer 2. State whether the
notification relates
to (i) a
transaction notified
in accordance with
DTR 3.1.2 R,
(ii) a disclosure
made in accordance
LR 9.8.6R(1) or
(iii) a disclosure
made in accordance
with section 793 of
the Companies Act
(2006).

(i)
3. Name of person 4. State whether
discharging notification relates
managerial to a person
responsibilities/ connected with a
director person discharging
managerial
responsibilities/
director named in 3
and identify the
connected person

5. Indicate whether the 6. Description of
notification is in shares (including
respect of a holding class), debentures
of the person or derivatives or
referred to in 3 or financial
4 above or in instruments relating
respect of a to shares
nonbeneficial
interest 1

7. Name of registered 8. State the nature of
shareholders(s) and, the transaction
if more than one,
the number of shares
held by each of them

9. Number of shares, 10. Percentage of issued
debentures or class acquired
financial (treasury shares of
instruments relating that class should
to shares acquired not be taken into
account when
calculating
percentage)
10,730

11. Number of shares, 12. Percentage of issued
debentures or class disposed
financial (treasury shares of
instruments relating that class should
to shares disposed not be taken into
account when
calculating
percentage)

13. Price per share or 14. Date and place of
value of transaction transaction
416.36p 18 NOVEMBER 2009,

15. Total holding 16. Date issuer informed
following of transaction
notification and
total percentage
holding following
notification (any
treasury shares
should not be taken
into account when
calculating
percentage) 18 NOVEMBER 2009
512,589, 0.019 %

Name of authorised official of issuer responsible for making notification

KIRSTINE COOPER, DEPUTY GROUP COMPANY SECRETARY

Date of notification: 18 NOVEMBER 2009

This information is provided by RNS The company news service from the London Stock Exchange

RDSKVLBFKFBXFBK

RNS Number : 6850C Aviva PLC 18 November 2009

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1. Name of the issuer 2. State whether the
notification relates
to (i) a
transaction notified
in accordance with
DTR 3.1.2 R,
(ii) a disclosure
made in accordance
LR 9.8.6R(1) or
(iii) a disclosure
made in accordance
with section 793 of
the Companies Act
(2006).

(i)
3. Name of person 4. State whether
discharging notification relates
managerial to a person
responsibilities/ connected with a
director person discharging
managerial
responsibilities/
director named in 3
and identify the
connected person

5. Indicate whether the 6. Description of
notification is in shares (including
respect of a holding class), debentures
of the person or derivatives or
referred to in 3 or financial
4 above or in instruments relating
respect of a to shares
nonbeneficial
interest 1

7. Name of registered 8. State the nature of
shareholders(s) and, the transaction
if more than one,
the number of shares
held by each of them

9. Number of shares, 10. Percentage of issued
debentures or class acquired
financial (treasury shares of
instruments relating that class should
to shares acquired not be taken into
account when
calculating
percentage)
3,355

11. Number of shares, 12. Percentage of issued
debentures or class disposed
financial (treasury shares of
instruments relating that class should
to shares disposed not be taken into
account when
calculating
percentage)

13. Price per share or 14. Date and place of
value of transaction transaction
416.36p 18 NOVEMBER 2009,

15. Total holding 16. Date issuer informed
following of transaction
notification and
total percentage
holding following
notification (any
treasury shares
should not be taken
into account when
calculating
percentage)

164,515 SHARES,
0.006 %

Name of authorised official of issuer responsible for making notification

KIRSTINE COOPER, DEPUTY GROUP COMPANY SECRETARY

Date of notification: 18 NOVEMBER 2009

This information is provided by RNS The company news service from the London Stock Exchange

RDSKVLBFKFBXFBE

RNS Number : 6611C Laird PLC 17 November 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached: Laird plc

2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights

Other (please specify): SUBSEQUENT CHANGE TO THE NUMBER OF VOTING RIGHTS IN ISSUE
3. Full name of person(s) Aviva plc & its
subject to the notification subsidiaries

obligation:

4. Full name of shareholder(s) Registered Holder:

(if different from 3.):
BNY Norwich Union
Nominees Limited
3,725,411*

Chase (GA Group)
Nominees Limited
31,623,517*

Chase Nominees Limited
1,261,986*

CUIM Nominee Limited
1,136,395*

* denotes direct
interest

BNP Paribas - London
385,452

Chase Nominees Limited
2,394,441

State Street Nominees
Limited

4,881,204

Vidacos Nominees Limited
540,532

5. Date of the transaction and date on which the threshold is 16 November 2009 crossed or reached:

6. Date on which issuer 17 November 2009

notified:

7. Threshold(s) that is/are 15% to 17% Change at
crossed or reached: Combined Interest Level

8. Notified details: A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting
of of of shares rights rights
Shares Voting
Rights
Direct Direct Indirect Direct Indirect
Ordinary Shares 27,636,103 27,636,103 45,948,938 37,747,309 8,201,629 14.17% 3.08%

B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that may be rights
Period acquired if the
instrument is
exercised/
converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to
Nominal Delta

Total (A+B+C)

Number of voting rights Percentage of voting rights
45,948,938 17.25%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: The voting rights are managed and controlled byAviva Investors Global Services Limited, with the following chain of controlled undertakings:- Aviva Investors Global Services Limited:

Nov 17 (Reuters) - Australian wealth manager AMP Ltd took aim at speculation it would raise joint bid with French insurer AXA SA for AXA Asia Pacific Holdings, a deal which would be the largest in the insurance sector this year.

Shaken by the financial crisis that saw top U.S. insurer AIG take a multi-billion-dollar bail-out to avoid collapse, the fragmented global insurance sector is said to be ripe for consolidation, with companies such as Aviva and Clive Cowdery's Resolution having said they are on the lookout for acquisitions.

AXA Asia Pacific last week rejected a cash and share offer from AMP and AXA SA worth A$12 billion ($11 billion), based on Tuesday's share price. Under the bid, AMP agreed to sell AXA Asia Pacific's Asian arm to its French parent for around A$7.7 billion.

Analysts expect a flurry of mergers as the economic outlook brightens, and governments look to divest insurance assets aquired during crisis restructurings.

Here is a factbox showing how the proposed mega-merger, more than twice as big as this year's largest in the sector to date, would slot into the global insurers M&A landscape.* All deal value is in billions.

For a DEALTALK on the AMP/AXA bid, click RANK--VALUE----TARGET-------------------------AQUIRER----------------------------------Date----------Story----
1. $11.0 AXA Asia Pacific AMP + AXA SA 09/11/09**
2. $4.7 Nipponkoa Insurance Sompo Japan Insurance 29/07/09

3. $5.76 Aioi + Nissay Dowa Mitsui Sumitomo Ins Group Hldg 30/09/09

4. $3.06 Friends Provident PLC Resolution Ltd 13/07/09

5. $2.59 Swiss Re Berkshire Hathaway Inc 15/02/09

6. $2.29 Alleanza Generali 23/02/09

7. $2.15 Nan Shan Life Primus 13/10/09

8. $1.90 AIG Personal Auto Group Farmers Group Inc 16/04/09

9. $1.77 Cia de Seguros Adeslas SA Criteria CaixaCorp 22/10/09

=9. $1.77 IPC Holdings Validus 31/03/09

10. $1.76 ING ANZ 25/09/09

By Morag MacKinnon and Denny Thomas

SYDNEY, Nov 17 (Reuters) - French insurer AXA SA and Australia's AMP Ltd need to sweeten their bid for AXA Asia Pacific Holdings by about 10 percent to seal the proposed $11 billion deal, analysts and fund managers say.
More than a week after the Paris-based parent made a tilt at its Australasian operations, there is a standoff with Axa Asia Pacific refusing to enter talks on a proposal they have rejected.
The deal is designed to deliver AXA the coveted Asian wealth operations in return for selling the local operations to AMP.
AXA shares have consistently traded above the implied value of AMP's cash and share offer price, suggesting that traders are betting on an improved offer.
And as analysts and potential counter bidders debate the value of the offer and the true value of AXA Asia Pacific's Asian operations, talk is rife that AMP and AXA will sweeten their offer to get the deal done.
Ross Barker of the Australian Foundation Investment Co, AXA AP's seventh-largest fund shareholder says it is a long term investor and not keen to sell at the current price.
"We don't find the offer compelling," Barker said. "We're quite happy to sit with what we've got."
But AMP insists that its offer is compelling, and on Tuesday Chief Executive Craig Dunn cast doubt about a higher offer, saying the price had to be economically responsible. .
It's the second time in five years that Europe's second-largest insurer has attempted to get its hands on the Asian operations owned by its Asia-Pacific subsidiary and this time it's raising 2 billion euros ($3 billion) to help fund the deal.
Analysts and industry sources say AMP could lift the offer price to about A$6.00 each, compared with its offer price initially worth around A$5.43 a share. AXA shares currently trade at A$5.83.
The current offer already looks rich, valued by analysts at around 1.7 times AXA AP's book value. National Australia Bank Ltd paid 1.1 times for the local insurance assets of Aviva Plc earlier this year while Australia and New Zealand Banking Group paid 1.2 times to buy ING's stake in their Australian and New Zealand wealth joint venture.
Still, analysts say AMP and AXA could bump up the offer as the French parent desperately wants to take full control of the Asian operations.

AXA AP's operations in eight Asian countries give it access to markets characterised by high savings rates, low life insurance penetration, favourable demographics, emerging national savings sytems and economies growing faster than global average. Spokesmen for AXA AP and its French parent reiterated their initial stances when contacted for comment. The proposal "significantly undervalues" the business of Axa Asia Pacific, according to the unit, but is "fair and compelling" according to AXA SA.

AMP can also afford to pay more than the estimated A$4 billion it has offered for AXA's local operations, having already lost out in the bidding for Aviva's assets to NAB, analysts say.
"The metrics of the deal are such that there's a possibility AMP and AXA SA have to lift their bid," saidTom Elliott, managing director of MM&E Capital, a hedge fund that invests in M&A transactions.
The proposal has shaken up the profitable wealth management sector in Australia, sparking a flurry of takeover talk including that one of Australia's big four banks will bid for AMP as they jostle to gain scale and position in wealth management.
That's a scenario most bankers familiar with the sector dismiss due to the size of such a takeover and the resulting entity.
Of the banks, only Commonwealth Bank of Australia, alreadly the nation's largest fund manager, is seen to be in a financial position to make a bid for AMP, which has a market value of more than A$13 billion.
But that would create a monolith in Australian wealth management and would likely run into government competition constraints.
An exclusivity arrangement between AMP and AXA SA in place until early February precludes other parties from bidding for the sought-after Asian assets, or the local ones.

($1=.6681 Euro)

(Editing by Lincoln Feast)

((morag.mackinnon@thomsonreuters.com;+61 2 9373 1815)) Keywords: DEALTALK/AXA AMP (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

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Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

RNS Number : 5642C Melrose PLC 16 November 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing MELROSE PLC

shares to which voting rights are attached:

2 Reason for the notification (please tick the appropriate box or boxes):
X

An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject AVIVA PLC & ITS SUBSIDIARIES

to the notification obligation:

Registered Holder: BNY Norwich Union Nominees Limited 2,249,083* Chase (GA Group) Nominees Limited 13,549,031*
Chase Nominees Limited 243,168*

CUIM Nominees Limited 143,376*

Nov 15 (Reuters) - Aviva Plc:

RNS Number : 5130C Carluccio's PLC 13 November 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are attached: Carluccio's Plc

2 Reason for the notification (please tick the appropriate box or boxes):
x

An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s)
subject to the notification Aviva plc & its
obligation: subsidiaries
4. Full name of shareholder(s) Registered Holder:

(if different from 3.):

BNY Norwich Union
Nominees Limited
248,906*
Chase (GA Group)
Nominees Limited
1,418,503*
Chase Nominees Limited
97,974*
CUIM Nominee Limited
19,526*
* denotes direct
interest
Vidacos Nominees Limited
1,078,609

5. Date of the transaction and date on which the threshold is 10 November 2009 crossed or reached:

6. Date on which issuer
notified: 12 November 2009
7. Threshold(s) that is/are >5% to <5% Change at
crossed or reached: Combined Interest Level

8. Notified details: A: Voting rights attached to shares

Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting
of of of shares rights rights
Shares Voting
Rights
Direct Direct Indirect Direct Indirect
3,079,418 3,079,418 2,863,518 1,784,909 1,078,609 3.06% 1.85%

B: Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that may be rights
Period acquired if the
instrument is
exercised/
converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction

Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to
Nominal Delta

Total (A+B+C)

Number of voting rights Percentage of voting rights
2,863,518 4.91%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: The voting rights are managed and controlled by Aviva Investors Global Services Limited, with the following chain of controlled undertakings:-

Aviva Investors Global Services Limited:

RNS Number : 4930C Aviva PLC 13 November 2009

13 November 2009

AVIVA PLC

Aviva plc non-executive director notification

Aviva announces that Leslie Van de Walle, one of its non-executive directors, will be stepping down as Chief Executive of Rexam PLC with effect from 1 January 2010.

This disclosure is made pursuant to paragraph 9.6.14R of the Listing Rules.

Enquiries:

Graham Jones - Group Company Secretary

Tel: 020 7662 7577

This information is provided by RNS The company news service from the London Stock Exchange

BOAILFEFLELVLIA

RNS Number : 4751C Aviva PLC 13 November 2009

13 November 2009

Aviva plc - Provisional Dividend Details

Please note that the dates below are provisional and may be subject to change.

Ordinary Shares of 25 pence each Final Dividend for 2009
Ex-Dividend date 24 March 2010
Record date 26 March 2010

Last date for receipt of Scrip elections 15 April 2010 (close of business)
Dividend payment date 17 May 2010

Interim Dividend for 2010
Ex-Dividend date 22 September 2010
Record date 24 September 2010

Last date for receipt of Scrip elections 20 October 2010 (close of business)
Dividend payment date 17 November 2010

Preference Shares 8 * % pref. shares - Payment 1
Ex dividend date 03 February 2010
Record Date 05 February 2010
1st Payment Date 31 March 2010

8 ¾ % pref. shares - Payment 1
Ex dividend date 05 May 2010
Record Date 07 May 2010
1st Payment Date 30 June 2010

8 * % pref. shares - Payment 2
Ex dividend date 11 August 2010
Record Date 13 August 2010
2nd Payment Date 30 September 2010

8 ¾ % pref. shares - Payment 2
Ex dividend date 10 November 2010
Record Date 12 November 2010
2nd Payment Date 31 December 2010

Enquiries:

Kirstine A Cooper - Deputy Group Company Secretary

Tel: 020 7662 6646

This information is provided by RNS The company news service from the London Stock Exchange

MSCBJBMTMMTBBFL

RNS Number : 4262C Laird PLC 12 November 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing
shares to which voting rights are attached: Laird plc

2 Reason for the notification (please tick the appropriate box or boxes):
X

An acquisition or disposal of voting rights An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify):

3. Full name of person(s) subject Aviva plc & its

to the notification obligation: subsidiaries

BNY Norwich Union Nominees Limited 2,309,387* Chase (GA Group) Nominees Limited 19,994,193*
Chase Nominees Limited 787,421*
CUIM Nominee Limited 625,492*

RNS Number : 4266C Bglobal PLC 12 November 2009

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting
rights are attached (ii):

Bglobal Plc

2. Reason for the notification (please state Yes/No):

An acquisition or disposal of voting rights: (Yes)

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (No)

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: (No)

An event changing the breakdown of voting rights: (No)

Other (please specify): (Yes) - Change to the number of voting rights in issue, following the recent placing.

3. Full name of person(s) subject to the notification obligation (iii):

Aviva plc & its subsidiaries

4. Full name of shareholder(s) (if different from 3.) (iv):

CUIM Nominee Limited -175,000 (direct interest)

Vidacos Nominees Limited - 3,998,878

5. Date of the transaction and date on which the threshold is crossed or reached (v):

09 November 2009

6. Date on which issuer notified:

11 November 2009

7. Threshold(s) that is/are crossed or reached:

<5% to 5% Change at Combined Interest Level

8. Notified details:
A: Voting rights attached to shares (viii), (ix)
Class/type of shares if Situation previous to the triggering transaction

possible using the ISIN CODE
Number of shares Number of voting Rights
GB00B1VLV059 Not disclosed Not disclosed

Resulting situation after the triggering transaction
Class/type of shares if Number of shares Number of voting rights (ix) % of voting rights (x)

possible using the ISIN CODE
Direct Direct (xi) Indirect (xii) Direct Indirect
GB00B1VLV059 4,173,878 175,000 3,998,878 0.22% 5.08%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/Conversion Number of voting % of voting rights
(xiii) Period (xiv) rights that may be
acquired if the
instrument is
exercised/ converted

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments (xv), (xvi)

Resulting situation after the triggering transaction
Type of financial Exercise price Expiration date Exercise/ Number of voting % of voting rights (xix), (xx)
instrument (xvii) Conversion period rights instrument
(xviii) refers to
Nominal Delta

Total (A+B+C)

Number of voting rights % of voting rights
4,173,878 5.30%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xxi):

The voting rights are managed and controlled by Aviva Investors Global Services Limited, with the following chain of controlled undertakings:-

Aviva Investors Global Services Limited:

LONDON, Nov 12 (Reuters) - The British government will push for a relaxation of draft EU rules which could force UK insurers to bolster reserves by 50 billion pounds ($82.88 billion), financial services minister Paul Myners said.
The government wants to make sure the proposed Solvency II rules do not result in higher costs for pensioners as insurers seek to meet "excessively conservative" capital requirements, Myners said on Thursday in a speech to the Association of British Insurers.
"We absolutely cannot allow this to happen," Myners said.
"Government is committed to ensuring that these regulatory reforms do not unintentionally impact the lives and wellbeing of pensioners in the UK and elsewhere in Europe."
As currently drafted, Solvency II would force annuity providers to hold extra capital as a reserve in case of declines in the value of the corporate bonds they use to fund payments to their customers.
British insurers including Legal & General, Prudential and Aviva would be disproportionately affected as they sell far more annuities than their continental European rivals.
The ABI warned in August that the rules could expose a capital shortfall of up to 50 billion pounds among its members.
EU insurance regulatory body CEIOPS, tasked with drawing up final recommendations for Solvency II legislation, indicated this week that it may be necessary to amend the rules so as to limit their capital impact on annuity writers.
"We welcome Lord Myners' effort and commitment to achieving the right result in Europe for UK savers and pensioners," said Tim Breedon, chief executive of L&G, regarded by analysts as particularly vulnerable to Solvency II due to its heavy reliance on annuities.
"The direction of travel is now more positive, but sustained effort will still be required to build a pan-European consensus on capital issues."
Myners also said the current Solvency II proposals ran the risk of creating "structural imbalances" in the financial markets by imposing higher capital charges on corporate bonds than on other assets such as equities or gilts.
(Reporting by Myles Neligan; editing by Elaine Hardcastle) ($1=.6033 Pound) Keywords: SOLVENCYII/

(myles.neligan@reuters.com; + 44 207 542 13 73)

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