Product category:
Savings and investment
News Release from: Standard Life Bank | Subject: Investment
Edited by the Insidemoneytalk Editorial
Team on 15 June 2007
Standard Life bonus share issue 5% not
10%
With reference to reports yesterday and this morning on the level of 'bonus'.
With reference to reports yesterday and this morning that the level of 'bonus' attaching to member/policyholder investors in Standard Life shares is 1 free share for every 20 shares held since listing on the London Stock Exchange on 10 July 2006 This equates to a 5% bonus not a 10% bonus as reported
This article was originally published on Insidemoneytalk on 14 May 2007 at 8.00am (UK)
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Life Property Fund breaks £2 billion
Standard Life Investments today announced that Standard Life's Life Property Fund, which SLI manages, has broken through the £2 billion barrier in funds under management.
The same investors did receive a 5% discount to the offer price of 230p on initial investment (maximum investment £50,000).
That is they were able to take up the shares at a price of 218.5p.
So in effect they have had a 5% discount on the way in and a 5% bonus for retention over the first year.
Here are some details about the shareholder base as it stands at present: Standard Life shareholder base 65% of Standard Life's total shareholding is held by retail shareholders and 35% by institutions.
Over 70% of members of The Standard Life Assurance Company kept their shares following the flotation of Standard Life plc.
Over 160,000 'members' of The Standard Life Assurance Company bought additional shares.
Over 100,000 'customers' bought discounted shares (ie these were policyholders who were not eligible 'with profit' investors).
Over 99% of shareholders are also customers.
Over 99% of employees own shares.
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