The 4% rise gives someone with an average 673
windfall shares pounds 82.
Year after year, they voted to forego the
windfall shares they stood to receive in a de-mutualisation.
But he is understood to be keen to placate B&B's 850,000-plus small shareholders, many of whom qualified for
windfall shares when the company demutualised, and win their backing for the deal.
When I opened it I had to sign a form saying that if the society ever becomes a bank, any
windfall shares or cash will go to charity.
Some 19,000 are entitled to seven million
windfall shares as a result of the Edinburgh life assurance giants' flotation last year.
The number of policies lapsing remained above the long-term trend, as customers consolidated their arrangements after A-Day and policyholders moved on following the award of
windfall shares in the company's demutualisation this summer, he added.
Shares fell more than 2% after the company said policyholders leaving the company following the payment of
windfall shares had prompted it to increase the amount of money it sets aside to cover policy lapses.
STANDARD Life policyholders who qualified for
windfall shares this week should hesitate before dumping poor performing endowment plans at the earliest possible opportunity, says John Williams at no win, no fee company First Endowment.
4 million members are eligible for
windfall shares, while a total of 5 million members and customers have been given the chance to apply for the new shares at a discount of 5% to the offer price.
5 million members of Standard Life must now decide what to do with the
windfall shares they will receive when it floats on the stock exchange.
4 million of
windfall shares and cash they have three months to do so before the shares will be sold.
And what about 250,000 Abbey National shareholders who failed to collect their
windfall shares when the building society became the first to float on the Stock Market in 1989?
