Standard Life members vote to demutualise

Standard Life's members have voted in favour of demutualisation and the planned flotation of the gro...

Standard Life’s members have voted in favour of demutualisation and the planned flotation of the group on the London Stock Exchange. The result was announced at the conclusion of Standard Life’s special general meeting which took place at the Edinburgh International Conference Centre. Of the almost 1.6 million members who voted, 98% voted in favour of the special resolution and 2% voted against. Standard Life required the support of at least 75% of those members who voted to vote in favour in order to proceed. Approximately 2.4 million members were entitled to vote of which 65% have suppo...