Standard Life Vote: 98% Say Yes
May 31st, 2006 | POSTED BY ROB
Unsurprisingly, an overwhelming 98% of Standard Life members have voted “yes” to the insurance company’s demutualisation, with many of them bagging themselves a windfall of more than £1,000 in the process.
The company needed 75% to say yes in order to take the stock market float forward, and the vote in favour was announced today at a special meeting of members.
The next step in the demutualisation process is for the Scottish Courts to approve the move (which is expected to be a formality), and the float is likely to take place in July.
1 Comment on “Standard Life Vote: 98% Say Yes”
Standard Life Windfall Questions Answered / Personal finance and money information, tips and links / Money Watch, June 7th, 2006 at 4:20 pm
[...] The Independent has done a round-up of answers to questions you may have about the Standard Life windfall, following the 98% positive vote for the demutualisation last week. [...]
