The disposal of Standard Life’s Canadian companies remains on track to be completed in early 2015.
The disposal of Standard Life’s Canadian companies remains on track to be completed in early 2015.
The company received all necessary approvals from the Canadian Minister of Finance and an all clear and non-objections from the relevant Canadian securities authorities.
Standard Life proposed to return around $3.25 billion (equivalent to $1.36 per share) to shareholders by way of a B/C share scheme and carry out a share consolidation, following the completion, as previously announced.
The share consolidation is intended to reduce the number of shares in issue by approximately the same ratio as the return of value per share to the share price.
Further to the announcement on 3 September 2014 regarding the proposed disposal of the group's Canadian companies.
The company received all necessary approvals from the Canadian Minister of Finance and an all clear and non-objections from the relevant Canadian securities authorities.
Standard Life proposed to return around $3.25 billion (equivalent to $1.36 per share) to shareholders by way of a B/C share scheme and carry out a share consolidation, following the completion, as previously announced.
The share consolidation is intended to reduce the number of shares in issue by approximately the same ratio as the return of value per share to the share price.
Further to the announcement on 3 September 2014 regarding the proposed disposal of the group's Canadian companies.
