Word on the Street: Standard Life Demutualisation

The Court of Session in Scotland has approved the demutualisation of Standard Life. It follows a vot...

The Court of Session in Scotland has approved the demutualisation of Standard Life. It follows a vote in which 65% of Standard Life's 2.4 million eligible members voted for the group to demutualise and float on the stock exchange. Standard Life received 1,545,314 votes in favour of the special resolution. Only 2% of the members who voted were against the resolution. Having now received court approval, the next step will involve the group seeking listing on the London Stock Exchange, scheduled for mid-July. Standard Life intends to publish its prospectus for potential investors on 15 June 2...