B Share Scheme & Share Capital Consolidation

RNS Number : 9214D

Standard Life Aberdeen plc

12 October 2018

 

Standard Life Aberdeen plc (the "Company")

B Share Scheme and Share Capital Consolidation

Further to the announcement on 5 October 2018, the Company confirms that, in connection with the previously announced B Share Scheme and Share Capital Consolidation:

·      Shareholders will receive one B Share with a nominal amount of 33.99 pence for each Existing Ordinary Share held at the Record Time of 5pm on 19 October 2018; and

·      every 8 Ordinary Shares of 12 ²/₉  pence each on the register of members of the Company at the Record Time will be consolidated into 7 New Ordinary Shares of 13 ⁶¹/₆₃ pence each.

Any fractional entitlements to New Ordinary Shares which arise as a result of the Share Capital Consolidation will not be allotted to Shareholders but will instead be aggregated and sold in the market and the proceeds of the sale (net of expenses) will be distributed pro rata to relevant Shareholders..

Shareholders will receive the associated payments following redemption of the B Shares and, where relevant, new share certificates, from 2 November 2018.The Company expects the Share Capital Consolidation to become effective on 22 October 2018 and for admission of the New Ordinary Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities to take place no later than 8.00 a.m. on the same date.  The new ISIN number for the New Ordinary Shares will be GB00BF8Q6K64. Standard Life Aberdeen plc will continue to trade under the ticker symbol 'SLA'.

It is intended that the share repurchase programme first announced on 7 August 2018 (the "Programme") will recommence on 22 October.  To date, approximately £120m of the Programme has been completed.

Further details of the B Share Scheme and the Share Capital Consolidation were set out in the shareholder circular published by the Company on 30 May 2018. Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the shareholder circular.

12 October 2018

Enquiries:

Media Enquiries
James Thorneley, Head of Communications	[phone] [phone]
Katy Hetherington, PR Manager	[phone]* [phone]
Investor Enquiries
Neil Longair, Investor Relations Manager	[phone]*
	[phone]
Chris Stewart, Investor Relations Analyst	[phone]*
	[phone]

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

Standard Life Aberdeen plc LEI: OTMBS544NMO7GLCE7H90

Classification: 3.1. Additional regulated information required to be disclosed under the laws of a Member State

 

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