Three RNS announcements have been made in total by Standard Life. The first confirms the publication of a Prospectus and Circular for Standard Life shareholders (link). The second confirms the composition of the proposed Board of the Combined Group following the completion of the merger (link). The third provides a Q1 assets and flows update from Standard Life (link).
In addition, Aberdeen has issued an RNS confirming the publication of its Scheme Circular document for its shareholders. A link to this RNS announcement is here (link).
You will find the Standard Life Prospectus and Circular and the Aberdeen Scheme Document here
Standard Life Q1 assets and flows
The Standard Life Prospectus contains a Q1 assets and flows update from Standard Life (p76).
Keith Skeoch, Chief Executive, Standard Life plc, has made the following comment regarding these results: “We have made further progress in the first three months of 2017 with inflows from our growth channels, including notable growth in flows in our Pensions and Savings business. This has been supported by strong investment performance over the short and long-term. We continue to benefit from diversifying our sources of assets, and this strategy will be further enhanced by our proposed merger with Aberdeen. Standard Life remains confident about capitalising on industry trends, to meet the evolving needs of our clients and customers and to create long-term value for Standard Life Shareholders.”
Next steps
Standard Life will hold a General Meeting at 2.00pm on 19 June at the Assembly Rooms, 54 George Street, Edinburgh to allow Standard Life shareholders to vote on the resolutions required to approve and implement the Proposed Merger and related matters. These resolutions will require approval by a simple majority of the Standard Life Shareholders present and voting (in person or by proxy) at the Standard Life General Meeting.
Aberdeen will hold a Court Meeting and General Meeting on 19 June. The Scheme will require the approval of Aberdeen Shareholders at the Court Meeting (by a majority in number of the Aberdeen Shareholders present and voting (in person or by proxy) at the Court Meeting, representing not less than 75 per cent), and the passing of a special resolution at a general meeting of Aberdeen Shareholders
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