General Meeting 2018
Recommended sale of our capital-intensive insurance business to Phoenix Group.
A general meeting was held at 11am on Monday 25 June 2018 at the Edinburgh International Conference Centre. You can find full details of the resolutions in the Circular, and see how our shareholders voted below.
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- Circular (PDF 492 KB)
- Shareholder News - June 2018 (PDF 315 KB)
- Q&A document (PDF 80 KB)
- Directions to venue (PDF 144 KB)
- Proposal to sell our UK and European insurance business transcript (MS Word)
- Proposed return of capital transcript (MS Word)
The following resolutions were put to our shareholders at the general meeting on 25 June.
|Resolution 1. To approve the sale of Standard Life’s UK and European insurance business to Phoenix.||1,496,225,789 (99.26%)||11,109,619 (0.74%)||2,227,740|
|Resolution 2. To approve a capital return of up to £1bn by way of a B Share Scheme, and an associated share consolidation and amendments to the Articles of Association.||1,496,984,116 (99.33%)||10,060,464 (0.67%)||2,512,844|
|Resolution 3. To approve a capital return of up to £750m by way of share buyback through market purchases.||1,494,689,049 (99.16%)||12,714,431 (0.84%)||2,109,283|
Issued share capital and total voting rights
On 29 May 2018 – the latest practical business day before the printing and publication of this notice – the Company’s issued share capital consisted of 2,979,421,884 ordinary shares, carrying one vote each. No shares were held in treasury. Therefore, the total voting rights in the Company as at 29 May 2018 were 2,979,421,884.