300 Norwich Union shares were valued at £870 on the day of the flotation. Today they represent the equivalent of 144 Aviva shares.
Norwich Union was a compnay providing equity releases. They later changed name to Aviva. Norwich Union equity release saw its market share increase sharply in 2008 and got recognition with two industry awards.
As of my last knowledge update in October 2023, Norwich Union no longer exists as a publicly traded entity, as it was rebranded as Aviva plc in 2002. To find the current share price of Aviva, you would need to check a financial news website or stock market platform for the latest information.
Norwich Union shares registrars, now known as Aviva Shareholder Services, is a division that manages the share registration for shareholders of Aviva plc, which was formerly known as Norwich Union. They handle various shareholder services, including the maintenance of shareholder records, processing share transactions, and facilitating communications between the company and its shareholders. Aviva plc is a major insurance and financial services company based in the UK.
The National Grid floated on the London Stock Exchange on July 8, 1995, with an initial share price of 190 pence. This marked the company's transition to a publicly traded entity, allowing it to raise capital for infrastructure investments. The flotation was part of the privatization of the electricity sector in the UK.
Halifax, a UK-based financial services company, was floated on the stock market in 1997 with an initial share price set at 250 pence. This initial public offering (IPO) marked a significant moment for the bank, which later became part of the Halifax Bank of Scotland (HBOS) group. The share price experienced significant fluctuations in the following years due to various market conditions and company developments.
Determinant of share price
How can the price of a company's share be less than the face value of the share?" How can the price of a company's share be less than the face value of the share?"
it's face value is the minimum price of the share
Share price refers to the price of a particular company's share that is being traded in any stock marketat that particular time.
share premium could be calculated as by getting the difference between the market price of the share and its nominal price. Formula: Share Premium= Market Price - Nominal Price
Can you answer this question? "Why can fair price be higher than share price?" The answer would be very similar to both questions.^^
Don Share has written: 'Union'