ADM.L - Admiral Group plc
| Previous close | 2,259.00 |
| Open | 2,298.00 |
| Bid | 2,236.00 x 0 |
| Ask | 2,238.00 x 0 |
| Day's range | 2,236.75 - 2,298.00 |
| 52-week range | 1,858.50 - 2,508.00 |
| Volume | 94,726 |
| Avg. volume | 660,820 |
| Market cap | 6.578B |
| Beta (5Y monthly) | 0.26 |
| PE ratio (TTM) | 15.11 |
| EPS (TTM) | 148.00 |
| Earnings date | 12 Aug 2020 |
| Forward dividend & yield | 0.98 (4.33%) |
| Ex-dividend date | 07 May 2020 |
| 1y target est | 1,965.50 |
- Globe Newswire
Notice of Results
ADMIRAL GROUP PLC Notice of 2020 Interim Results Admiral Group plc will be announcing its 2020 Interim Results on Wednesday 12th August 2020 at 7.00am. On the same day Admiral Group plc will host an online analyst presentation followed by a live Q&A on the results at 9.00am. Those analysts wishing to participate in the online presentation and Q&A are asked to register on the Admiral Group plc website at www.admiralgroup.co.uk For more information, please contact: Admiral Marisja Kocznur Investors & Analysts +44 (0) 29 2060 2034 James Carnduff Media +44 (0) 29 2043 4232FTI Consulting Edward Berry +44 (0) 20 3727 1046 Tom Blackwell +44 (0) 20 3727 1051
- Stockopedia
As Admiral hits a yearly high, is it too late to buy shares?
With shares in Admiral (LON:ADM) currently trading close to a 52 week high, a question many on the sidelines probably have is: quot;was I too late to buy them...
- Stockopedia
Why Admiral's dividend is looking safe to me
There is great comfort to be found in regular, reliable dividend payouts – especially in times of economic uncertainty. But finding shares that can pay them is...
- Fool.co.uk
£1k to invest in an ISA? 3 dividend-paying stocks I’d buy to get rich and retire early
Investors can still make a lot of money from dividend-paying stocks and here are the three shares that I’d add to my ISA now. The post £1k to invest in an ISA? 3 dividend-paying stocks I’d buy to get rich and retire early appeared first on The Motley Fool UK.
- Globe Newswire
Holding(s) in Company
TR-1: Standard form for notification of major holdingsNOTIFICATION OF MAJOR HOLDINGS 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachediiAdmiral Group PLC 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2\. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rightsX An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3\. Details of person subject to the notification obligationiv NameBlackRock, Inc. City and country of registered office (if applicable)Wilmington, DE, USA 4\. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5\. Date on which the threshold was crossed or reachedvi:19/06/2020 6\. Date on which issuer notified (DD/MM/YYYY):22/06/2020 7\. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A)% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)Total of both in % (8.A + 8.B)Total number of voting rights of issuervii Resulting situation on the date on which threshold was crossed or reached4.95%0.06%5.01%294,037,749 Position of previous notification (if applicable)Below 5% Below 5% Below 5% 8\. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of shares ISIN code (if possible)Number of voting rightsix% of voting rights Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) GB00B02J6398 14,567,443 4.95% SUBTOTAL 8. A 14,567,443 4.95% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Type of financial instrumentExpiration datexExercise/ Conversion PeriodxiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rights Securities Lending 186,9590.06% SUBTOTAL 8. B 1186,9590.06% B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of financial instrumentExpiration datexExercise/ Conversion Period xiPhysical or cash settlementxiiNumber of voting rights % of voting rights SUBTOTAL 8.B.2 9\. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)X Namexv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold See Attachment 10\. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11\. Additional informationxvi BlackRock Regulatory Threshold Reporting Team James Michael 020 7743 3650 Place of completion12 Throgmorton Avenue, London, EC2N 2DL, U.K. Date of completion22 June, 2020 Section 9 AttachmentNamexv% of voting rights if it equals or is higher than the notifiable threshold% of voting rights through financial instruments if it equals or is higher than the notifiable thresholdTotal of both if it equals or is higher than the notifiable threshold BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Capital Holdings, Inc. BlackRock Advisors, LLC BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Advisors (UK) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Australia Holdco Pty. Ltd. BlackRock Investment Management (Australia) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Fund Advisors BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock Holdco 4, LLC BlackRock Holdco 6, LLC BlackRock Delaware Holdings Inc. BlackRock Institutional Trust Company, National Association BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Investment Management (UK) Limited BlackRock, Inc. Trident Merger, LLC BlackRock Investment Management, LLC BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Canada Holdings LP BlackRock Canada Holdings ULC BlackRock Asset Management Canada Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Lux Finco S.a.r.l. BlackRock Japan Holdings GK BlackRock Japan Co., Ltd. BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock HK Holdco Limited BlackRock Asset Management North Asia Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock (Singapore) Holdco Pte. Ltd. BlackRock (Singapore) Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock (Netherlands) B.V. BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock International Limited BlackRock, Inc. BlackRock Holdco 2, Inc. BlackRock Financial Management, Inc. BlackRock International Holdings, Inc. BR Jersey International Holdings L.P. BlackRock Holdco 3, LLC BlackRock Cayman 1 LP BlackRock Cayman West Bay Finco Limited BlackRock Cayman West Bay IV Limited BlackRock Group Limited BlackRock Finance Europe Limited BlackRock Investment Management (UK) Limited BlackRock Asset Management Deutschland AG
- Fool.co.uk
Forget the Santander share price! I’d buy this FTSE 100 dividend champion
The Santander share price has plunged as the bank's profits have slumped. With further pain on the horizon, this FTSE 100 stock could be the better buy.The post Forget the Santander share price! I'd buy this FTSE 100 dividend champion appeared first on The Motley Fool UK.
- Globe Newswire
Director/PDMR Shareholding
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities (PDMR)/person closely associated with them (PCA) a)NameMichael Brierley 2Reason for the notification a)Position/statusNon-Executive Director//PDMR b)Initial notification/AmendmentInitial Notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a)NameAdmiral Group plc b)LEI213800FGVM7Z9EJB2685 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares GB00B02J6398 b)Nature of the transactionAcquisition of shares pursuant to a dividend reinvestment trading plan entered into on 17 May 2020. c)Prices(s) and volume(s)Price(s)Volume(s) £22.9611 d)Aggregated information * Aggregated value * PriceN/A (Single Transaction) e)Date of the transaction11th June 2020 f)Place of the transactionLondon Stock Exchange (XLON) NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1Details of the person discharging managerial responsibilities (PDMR)/person closely associated with them (PCA) a)NameRachel Brierley 2Reason for the notification a)Position/statusWife of Non-Executive Director, Michael Brierley/PCA b)Initial notification/AmendmentInitial Notification 3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a)NameAdmiral Group plc b)LEI213800FGVM7Z9EJB2685 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted a)Description of the financial instrument, type of instrument Identification codeOrdinary Shares GB00B02J6398 b)Nature of the transactionAcquisition of shares pursuant to a dividend reinvestment trading plan entered into on 17 May 2020. c)Prices(s) and volume(s)Price(s)Volume(s) £22.9663 d)Aggregated information * Aggregated value * PriceN/A (Single Transaction) e)Date of the transaction11th June 2020 f)Place of the transactionLondon Stock Exchange (XLON)
- Stockopedia
Which way to trade Admiral (LON:ADM)?
As any reader of this is probably aware, shares in Admiral (LON:ADM) are currently trading close to a 52 week high, with the share price up by around -0.56% to...
- Simply Wall St.
Shareholders Of Admiral Group (LON:ADM) Must Be Happy With Their 112% Total Return
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...
- Stockopedia
Admiral (LON:ADM): buy, sell or hold?
Shares in Admiral (LON:ADM) are currently trading close to a 52 week high, with the share price up by around -5.35% - to 2265 - over the past week. On a one-mo...
- Reuters - UK Focus
UK watchdog says pandemic relief measures in insurance to start May 18
Measures to help customers struggling to pay premiums on insurance policies during the coronavirus crisis will come into effect on Monday, Britain's Financial Conduct Authority said on Thursday. The FCA, which put the measures to public consultation on May 1, said on Thursday that a majority of those who responded showed support. The measures, which include deferring premiums for up to three months, would be reviewed in the next three months and may be revised if appropriate, the FCA said.
- Simply Wall St.
Only 4 Days Left To Cash In On Admiral Group plc's (LON:ADM) Dividend
Readers hoping to buy Admiral Group plc (LON:ADM) for its dividend will need to make their move shortly, as the stock...
- Globe Newswire
Result of AGM
ANNUAL GENERAL MEETING RESULTThe 2020 Annual General Meeting of Admiral Group Plc was held at Ty Admiral, David Street, Cardiff, CF10 2EH on Thursday 30th April 2020 at 2:00pm.1. All resolutions were decided on a poll and all resolutions proposed at the Meeting were passed. ResolutionsVotes ForPercentage ForVotes AgainstVotes TotalVotes Withheld 1To receive the Financial Statements and the reports of the Directors and the Auditors239,134,29099.72676,608239,810,898122,442 2To approve the Directors’ Remuneration Report237,823,72799.461,285,199239,108,926824,413 3To declare the normal dividend on the ordinary shares of the Company238,144,96799.251,787,774239,932,741599 4To re-elect David Stevens (Executive Director) as a Director of the Company 239,897,31899.9925,525239,922,84310,497 5To re-elect Geraint Jones (Executive Director) as a Director of the Company239,118,63099.66805,308239,923,9389,402 6To re-elect Annette Court (Non-Executive Director) as a Director of the Company239,094,94499.65828,993239,923,9379,402 7To re-elect Jean Park (Non-Executive Director) as a Director of the Company239,923,14899.99790239,923,9389,402 8To re-elect George Manning Rountree (Non-Executive Director) as a Director of the Company239,806,38499.95116,459239,922,84310,497 9To re-elect Owen Clarke (Non-Executive Director) as a Director of the Company239,145,67899.68778,259239,923,9379,402 10To re-elect Justine Roberts (Non-Executive Director) as a Director of the Company239,199,85999.70723,982239,923,8419,499 11To re-elect Andrew Crossley (Non-Executive Director) as a Director of the Company239,922,15499.99592239,922,74610,594 12To re-elect Michael Brierley (Non-Executive Director) as a Director of the Company239,911,87199.99175239,912,04621,294 13To re-elect Karen Green (Non-Executive Director) as a Director of the Company239,923,05199.99790239,923,8419,499 14To reappoint Deloitte LLP as Auditors of the Company239,920,61699.992,216239,922,83210,508 15To authorise the Audit Committee to determine the remuneration of Deloitte LLP239,912,27499.9911,562239,923,8369,504 16The rules of the 2015 Discretionary Free Share Scheme are amended and to add a new sub-plan application238,358,82599.351,564,067239,922,89210,448 17Authority for political donations and expenditure237,705,01299.082,216,220239,921,23212,067 18To authorise the Directors to allot relevant securities230,382,85796.029,540,604239,923,4619,879 19To dis-apply statutory pre-emption rights on up to 5% of the issued share capital of the Company239,083,01199.9918,830239,101,841831,499 20To dis-apply statutory pre-emption rights on an additional 5% of the issued share capital of the Company238,969,60399.94132,237239,101,840831,499 21To authorise the Company to make market purchases238,807,01499.541,105,572239,912,58620,753 22To authorise the Directors to convene a General Meeting with not less than 14 clear days notice228,774,40295.3511,158,339239,932,741599 At the close of business on 30th April 2020, the issued share capital of the Company was 294,037,749 ordinary shares.The full text of each resolution is contained in the Notice of Annual General Meeting, which is available on the Company's website: www.admiralgroup.co.uk.In accordance with LR 9.6.2 R, copies of the special business resolutions passed at the meeting have been submitted to the FCA's National Storage Mechanism, and will shortly be available to view at https://data.fca.org.uk//nsm/nationalstoragemechanismMark Waters Group Company SecretaryAdmiral Group Plc LEI:213800FGVM7Z9EJB2685
- Globe Newswire
Directorate change
Admiral Group plc (“Admiral”)30 April 2020The Board of Admiral is pleased to announce the appointment of Jayaprakasa (JP) Rangaswami as an independent non-executive director with effect from 29 April 2020.JP Rangaswami has a wealth of large-scale IT operational experience gained through his roles as Chief Information Officer (CIO) with Dresdner Kleinwort (2001 to 2006) and Managing Director/Chief Scientist at BT Group (2006 to 2010). JP has also been Chief Scientist with Salesforce (a US cloud-based software company) and was Chief Data Officer (CDO) and Group Head of Innovation with Deutsche Bank (2015 to 2018). He has operated in financial services for over ten years and understands the challenges of working in a regulated environment. JP is also a former global CIO of the Year as well as European Innovator of the Year. He is currently a non-executive director of Allfunds Bank and Daily Mail and General Trust (DMGT). Annette Court, Admiral Group Chair, said: “I am delighted to welcome JP to the Admiral Board. He brings a wide range of IT skills and experience to the Board which will help to complement and enhance the existing skills. We are looking forward to working with him.”There is no further information, which would require disclosure under 9.6.13R of the Listing Rules of the UK Listing Authority.Notification is given that Andrew Crossley, Non-Executive Director of Admiral, has joined Admiral’s Group Risk Committee as a member with effect from 29 April 2020. Andrew has extensive experience in insurance in risk and finance roles. Annette Court, Admiral Group Chair, has stepped down as a member of Admiral’s Group Risk Committee with effect from the same date. The members of the Group Risk Committee are: Jean Park (Chair), Manning Rowntree and Andrew Crossley.For any further information, please contact:Marisja Kocznur – Head of Investor Relations – 029 20602034FTI Consulting Edward Berry +44 (0) 20 3727 1046 Tom Blackwell +44 (0) 20 3727 1051
- Stockopedia
Admiral share price hits a new 52 week high
Shares in Admiral (LON:ADM) are currently trading close to a 52 week high, with the share price up by around 3.55% to 2351p over the past week. On a one-month8230;
- Globe Newswire
Statement re Dividend Update
Admiral Group plc 27 April 2020Admiral Group plc (‘Admiral’, ‘the Company’ or ‘the Group’) provides an update on dividends and its response to the Covid-19 crisis.Admiral’s priorities throughout this challenging period have been to support and protect customers, staff and the long-term value of the Group. All the Group’s businesses are operational with staff working remotely.Amendment to 2019 final dividend proposal In light of the regulatory guidance to insurers urging restraint on the payments of dividends due to the uncertainty of the current economic environment, the Board has decided to amend its recommendation in relation to the final dividend for the year ended 31 December 2019. After careful consideration, the Board is recommending an unchanged normal dividend of 56.3p per ordinary share (payable on 1 June 2020 to all ordinary shareholders on the Company's register of members at the close of business on 11 May 2020), but is suspending the recommendation to pay a special dividend of 20.7p per ordinary share. The Board will review the position in relation to the special dividend alongside the Company’s half year results. It currently intends to pay this part of the final dividend later in the year unless there is a significant deterioration in the company’s financial position, trading or outlook.Resolution 3 as set out in the Notice of Annual General Meeting (AGM) of the Company will be amended at the AGM to reflect the updated Board recommendation. All votes that have already been cast for or against Resolution 3 as set out in the Notice of AGM shall count towards the amended Resolution 3.The Group has significant liquidity and a strong solvency position, well above its target level and regulatory thresholds. Robust stress tests against the Company's financial position support the payment of the previously announced final dividend in full under normal circumstances. However, the Board is mindful of the call for heightened prudence from its regulators and has concluded that suspending the payment of the special dividend is appropriate at this time.An update will be provided when the Company reports its interim results in August 2020.Supporting customers, staff and the community The Board’s decision in relation to the final dividend is being taken in the context of a broader package of measures announced by Admiral on 21 April which aim to provide support to customers, staff and Admiral’s communities during this unprecedented time. These include: * Premium rebates worth £110 million to car and van insurance customers in recognition of customers staying at home and driving less during lockdown * Committing an additional £80 million to reducing prices and supporting customers, NHS staff and the local community * Supporting customers who are in financial hardship as a result of the pandemic. This includes flexibility with customers struggling with monthly payments for insurance and personal loans * All employees are being paid their full salary at this time and no staff are being furloughed under the UK Government funded scheme. Admiral does not expect to require support from any other initiatives funded by the Government * A £4 million Admiral Support Fund for Covid-19, which is predominantly providing funding and support in South Wales, where Admiral is based, to the NHS, charities, support groups and will also allow the Group to contribute to any insurance industry wide charitable effortDavid Stevens, Group CEO commented: “We find ourselves in extraordinary circumstances, and it has been a very difficult decision to suspend the special dividend as we are aware of the importance and impact to our shareholders and staff. However, the Board and I believe that this is the prudent and right thing to do at this time. We thank our customers, staff and shareholders for their continued support, and we remain committed to making decisions that are in their best interests in the long term.”David Stevens has confirmed to Admiral that the normal dividend payable to him and his wife will be donated in full to their charitable foundation to fund support for charities experiencing reduced income and increased needs during the Covid-19 crisis.This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.The person responsible for the release of the announcement is Mark Waters, Company Secretary.For more information, please contact:Admiral Group plc Marisja Kocznur +44 (0) 29 2060 2034 Investors & AnalystsFTI Consulting Edward Berry +44 (0) 20 3727 1046 Tom Blackwell +44 (0) 20 3727 1051
- Reuters - UK Focus
Car insurers should repay premiums, British lawmakers say
British motor insurers should repay all or some of their premiums to customers because of a steep drop in car use and claims due to the coronavirus lockdown, a group of lawmakers said. The lawmakers said car insurers had reported an almost 50% drop in claims during the lockdown and the British government had said driving was down by 75%, with insurers calculated to make one billion pounds ($1.24 billion) profit from the drop in claims. "For this reason, we, MPs from all political parties, would suggest to you that HM Treasury take action to ensure that UK insurance companies repay some, or where appropriate all, of premiums to customers."
- Yahoo Finance UK
Coronavirus: Admiral to refund £110m to car insurance customers
Admiral has committed over £190m to coronavirus response initiatives, including returning £110m in automatic refunds to all motor customers.
- Globe Newswire
Update on 2020 Annual General Meeting (AGM)
7 April 2020Admiral Group plc (the "Company")Update on 2020 Annual General Meeting (AGM)Further to our announcement on 25 March 2020, it is the current intention of the Board to continue to hold the AGM at 2pm on Thursday 30 April 2020 at the Company's registered office of Tŷ Admiral, David Street, Cardiff, CF10 2EH. The UK Government's current guidance on social distancing and prohibition on non-essential travel and public gatherings of more than two people ("Stay at Home measures") will remain in place for at least three weeks from their announcement, after which the Government will review them and consider whether they can be relaxed or whether they will need to continue to operate, as part of an attempt to mitigate the spread of coronavirus (COVID-19). Regrettably, unless the current situation changes, it will not be possible for shareholders to attend the AGM in person and so it is necessary to make some adjustments to how this year's AGM is conducted.Consequently, the AGM this year will be purely functional in format to comply with the Company's articles of association, relevant legal requirements and to enable shareholders to vote on the important customary annual business. However, the Board is keen to ensure that shareholders are able to exercise their right to vote and, accordingly, strongly recommends that shareholders vote on all resolutions by completing and submitting a proxy appointment to appoint the Chair of the meeting as their proxy in accordance with point 1 of the Notes to the Notice of this Meeting (set out on pages 14 and 15). If a shareholder appoints a person other than the Chair of the meeting as their proxy, that other proxy will not be able to attend the meeting. Where a shareholder has already appointed a person other than the Chair of the meeting as their proxy, such shareholders should submit a new proxy form appointing the Chair of the meeting as their proxy as it is unlikely their original proxy will be able to attend and vote at the meeting due to the Stay at Home measures.Shareholders can submit questions to the Board in advance of the AGM by email to Marisja Kocznur (Head of Investor Relations) (marisja.kocznur@admiralgroup.co.uk) by no later than Friday 24 April 2020. We will consider all questions received and, if appropriate, provide a written response.The health and wellbeing of our employees, shareholders and the wider communities in which we operate is of paramount importance to the Board and the steps set out above are necessary and appropriate ones to take given the current pandemic.The Board continues to closely monitor the evolving coronavirus (COVID-19) outbreak and related guidance issued by the UK Government. We will continue to keep our plans for the AGM under review and recommend that shareholders continue to monitor the Company's website and announcements for any further updates. The Board also urges shareholders to continue to monitor UK Government guidance and directions in relation to coronavirus (COVID-19) and to act accordingly.The Board would like to thank shareholders for their understanding during these unprecedented timesMark Waters Company Secretary LEI Number: 213800FGVM7Z9EJB2685
- Simply Wall St.
Should You Be Happy With Admiral Group plc's (LON:ADM) 9.4% Earnings Growth?
Assessing Admiral Group plc's (LSE:ADM) past track record of performance is a valuable exercise for investors. It...
- Reuters - UK Focus
BoE backs EU call for insurers to reconsider dividends in pandemic
The Bank of England said on Friday it backed calls from the European Union's insurance regulator for insurers to pay close attention to protecting policyholders when deciding whether to pay dividends or bonuses. "We therefore expect firms to be prudent in deciding on dividend payments or variable remuneration in view of the elevated levels of uncertainty presented by coronavirus and its impact on the global economy," a Bank of England spokesperson said. Shares in top European insurers sank on Friday after the European Insurance and Occupational Pensions Authority said on Thursday evening that insurers should suspend dividends and share buybacks, and postpone bonuses where possible.
- Reuters - UK Focus
UK lawmakers pile pressure on insurers over pandemic claims
Britain's lawmakers have piled more pressure on insurers to show flexibility to businesses and customers making claims during the coronavirus epidemic that has shut down most of the economy. The Treasury Select Committee (TSC) sent the Association of British Insurers (ABI) a detailed list of data it wanted in order to check that insurers are treating customers fairly. The lawmakers said in their letter to the ABI that they wanted to know how many of its members have stopped offering insurance or changed the terms of existing products.
- Stockopedia
Here’s why Admiral is one of the most expensive shares on the market
It has long been understood that cheap stocks have a tendency to outperform expensive stocks in the stock market. While this is not true every single year, ove8230;
- Reuters
Insurer Admiral CEO to retire; 2019 profit jumps 10%
Stevens, who co-founded Admiral in 1991 and has been its CEO since May 2016, has transformed the business into one of UK's largest motor insurers, with over 10,000 employees and seven million customers. Despite the tough market conditions, Admiral reported robust 2019 profit, helped by the release of money put aside for UK motor bodily injury claims written in prior years.
- Reuters - UK Focus
UK watchdog to clamp down on insurance "loyalty penalties"
Britain's Financial Conduct Authority said on Tuesday it was finalising "remedies" to stop home and car insurance companies penalising loyal customers. The watchdog said the "loyalty penalty" cost longstanding customers an extra 1.2 billion pounds ($1.56 billion) in 2018. More than four in five adults in Britain have one or more insurance products, and consumers who stay with their existing insurer at renewal almost always pay higher premiums than those who switch or negotiate, the FCA said in Sector Views, its annual review of key concerns for the year ahead.
