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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Useful documents

Read more about the return of capital.

The resolutions

The following resolutions were put to our shareholders at the general meeting on 25 June.

ResolutionForAgainstWithheld
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.

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