filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our Class A Ordinary Shares, $0.01 nominal value per share, are traded on the New York Stock Exchange. The following table sets forth the ranges of high and low sales prices per share of our ordinary shares as reported on the NYSE and the cash dividends per share of common stock paid for the two most recent fiscal years:
| Years Ended December 31 | ||||||||||||||||||||||||
| 2017 | 2016 | |||||||||||||||||||||||
| High | Low | Dividends paid per share | High | Low | Dividends paid per share | |||||||||||||||||||
| Fourth quarter | $ | 152.78 | $ | 133.11 | $ | 0.36 | $ | 116.59 | $ | 107.19 | $ | 0.33 | ||||||||||||
| Third quarter | $ | 147.66 | $ | 132.38 | $ | 0.36 | $ | 113.78 | $ | 105.35 | $ | 0.33 | ||||||||||||
| Second quarter | $ | 137.28 | $ | 117.41 | $ | 0.36 | $ | 110.04 | $ | 100.55 | $ | 0.33 | ||||||||||||
| First quarter | $ | 119.88 | $ | 109.82 | $ | 0.33 | $ | 104.76 | $ | 83.83 | $ | 0.30 |
On February 16, 2018, the last reported sale price of our ordinary shares as reported by the NYSE was $140.86 per share. We have approximately 213 holders of record of our Class A Ordinary Shares as of February 16, 2018.
The following information relates to the repurchases of equity securities by Aon or any affiliated purchaser during any month within the fourth quarter of the fiscal year covered by this report:
| Period | Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1) (2) | ||||||||||
| 10/1/17 – 10/31/17 | 1,176,659 | $ | 148.39 | 1,176,659 | $ | 5,745,379,322 | ||||||||
| 11/1/17 – 11/30/17 | 1,180,611 | $ | 141.15 | 1,180,611 | $ | 5,578,732,712 | ||||||||
| 12/1/17 – 12/31/17 | 1,156,382 | $ | 137.24 | 1,156,382 | $ | 5,420,032,577 | ||||||||
| 3,513,652 | $ | 142.29 | 3,513,652 |
| (1) | Does not include commissions or other costs paid to repurchase shares. |
| (2) | Aon has a share repurchase program authorized by the Company’s Board of Directors (the “Repurchase Program”). The Repurchase Program was established in April 2012 with up to $5.0 billion in authorized repurchases, and was increased by $5.0 billion in authorized repurchases in each of November 2014 and February 2017 for a total of $15.0 billion in repurchase authorizations. During the fourth quarter of 2017, we repurchased 3.5 million shares at an average price per share of $142.29 for a total cost of $500 million. Included in the 3.5 million shares repurchased was 118,000 shares, which are included in the above table, that did not settle until January 2018. These shares were settled at an average price per share of $134.41 and total cost of $15.9 million. |
Information relating to the compensation plans under which equity securities of Aon are authorized for issuance is set forth under Part III, Item 12 “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this report and is incorporated herein by reference.
We did not make any unregistered sales of equity in 2017.
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