Following the demutualisation of the company in July last year, Standard Life have revealed that more than 70 per cent of the company’s members, kept their shares, and that 99 per cent of its employees were now shareholders.
The first general meeting will be held in May and a dividend payout will also be made in the same month.
Our view
Those shareholders who were offered demutualisation shares or bought shares at a discounted rate will be entitled to a bonus share for every twenty that they have held continuously from the date that the company floated. They have stayed loyal due to these bonus shares being available after holding the original issue for 12 months. Let us see what the loyalty position is after the summer.