Result of General Meeting

RNS Number : 4194H

Standard Life plc

13 March 2015

 



Standard Life plc

Result of General Meeting 

The Board of Standard Life plc is pleased to announce that the Special Resolution put to its General Meeting held earlier today, Friday 13 March 2015, was duly passed.  The result of the poll was as follows:

	For	% For	Against	Total Votes Validly Cast	Votes Withheld
Special Resolution: To approve the return of 73 pence per share, the implementation of the B/C share scheme, and the share consolidation (as described in the Circular and Notice of General Meeting)	1,070,652,459	99.41%	6,352,144	1,077,004,603	2,108,473

Votes withheld are not a vote in law and have not been counted in the calculation of the votes for and against the resolution, the total votes validly cast or the calculation of the proportion of issued share capital voted.

The share consolidation is due to take effect after the close of business today, when shareholders will exchange each holding of 11 Existing Ordinary Shares of 10 pence each for 9 New Ordinary Shares of 12²/₉ pence each.  Accordingly, application has been made to the UK Listing Authority ("UKLA") to amend the Official List and to the London Stock Exchange to amend the trading line whereby 1,959,696,918 ordinary shares of 12²/₉ pence each will commence trading at 8.00am on Monday 16 March 2015. 

Application has also been made to consolidate and amend existing block listings as follows:

Block listings	Outstanding Balance
The Standard Life Share Plan	83,974
The Standard Life Sharesave Plan	261,851
The Standard Life Investments Long Term Incentive Plan	255,046

A fractional entitlement will arise as a result of the share consolidation unless a holding of Existing Ordinary Shares is exactly divisible by 11.  These fractional entitlements will be aggregated into whole New Ordinary Shares and sold in the market. The value of the fractional entitlements will be paid (net of expenses) as part of the return of value payment.  Cheques in respect of the proceeds of these entitlements are expected to be despatched by Wednesday 1 April 2015.

The total number of shares in issue at 6pm on Wednesday 11 March 2015 was 2,395,185,122 ordinary shares of 10 pence each with each share carrying the right to one vote.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rule 5.6.1A (1), the Company's issued share capital that will be admitted to trading on the London Stock Exchange's main market as at 8.00am on Monday 16 March 2015 will be 1,959,696,918 New Ordinary Shares of 12²/₉ pence each with each share carrying the right to one vote.

The Company holds no ordinary shares in treasury.

The total number of voting rights in the Company, as at Monday 16 March 2015 will be 1,959,696,918.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure and Transparency Rules.

A copy of the Special Resolution as passed has been submitted to the UK Listing Authority's Document Viewing Facility, via the National Storage Mechanism at www.morningstar.co.uk/uk/nsm

The Circular and the voting results are also available on the Standard Life plc website at www.standardlife.com 

13 March 2015

Enquiries:

Media: Steve Hartley	[phone]* [phone]
Institutional Equity Investors: Jakub Rosochowski	[phone]* [phone]
Group Secretariat: Paul McKenna	[phone]*

* Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

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