Change of Company Name

RNS Number : 0817E

abrdn PLC

05 July 2021

 

abrdn plc

Change of Company name

abrdn plc marks name change with announcement of major new charity partnership with Hello World including £1m donation to support access to education for 80,000 children and adults in disconnected communities

abrdn plc ("the Company") announces that Standard Life Aberdeen plc has now been renamed abrdn plc.

The Company ticker will be changed from SLA to ABDN with effect from 8.00am today. 

Today marks a key milestone as the Company delivers on its strategy. The new brand symbolises the transition underway to bring a clarity of focus, renewed sense of purpose and drive for sustainable growth for shareholders, clients and colleagues. Simplifying the business, coming together under one single brand is a key enabler to drive future growth. 

The Company's client-led growth strategy is backed by a simplified structure focused on three core growth vectors; Investments, Adviser and Personal. In the coming months all of the Company's client and customer propositions will rebrand to the new name - abrdn.

abrdn plc also today announces a major new charity partnership with Hello World, a digital education charity that offers a practical, affordable and scalable solution to the global education deficit.

Education is currently inaccessible to over 258 million children and 40% of the global population has no access to the internet. Hello World partners with communities to build Hello Hubs, solar powered and wi-fi enabled computer hubs, fitted with eight screens loaded with world-class educational content so that children can learn, access digital educational resources and improve their future by connecting globally.

abrdn's partnership with Hello World will fund communities to build 64 new Hello Hubs over two years, providing life-changing opportunities and education to approximately 80,000 children and adults in disconnected communities. .

Stephen Bird, CEO of abrdn plc, said:

"I'm very excited to have reached this milestone. abrdn is so much more than a new name, it's about our business coming together under a single global brand with a determined focus on enabling our clients and customers to be better investors".

"Acting with courage and conviction, being optimistic about the future and building powerful partnerships are all important attributes of the brand we are creating. That's why I'm delighted that today we can also announce our partnership with Hello World - a charity that, like us, is solving the problems of today and tomorrow with innovative thinking, sustainable values and a futurist approach. Personally, I'm passionate about education and digital skills - and for me this partnership is a perfect fit with what abrdn stands for."

Katrin McMillan, CEO and Founder of Hello World, added:

"We are delighted to be working with abrdn. Our collaboration will have an enormous impact on the work we do and will immeasurably improve the lives of the communities we support.  To partner with a business and a team so closely aligned with our approach and values is an especial bonus."

"Even before Covid-19 hit, 258 million children were out of school, equivalent to 1-in-5 globally. This figure rose to 800 million children during the pandemic. We work with communities in Uganda and Nepal to enable them to build their own digital solar-powered hubs, loaded with education software and connected to the internet. Our Hello Hubs are a practical and affordable solution to the global education deficit and, with the support of abrdn, we will now be able to expand our programme and work with many more communities."

5 July 2021

Enquiries:

Institutional Equity Investors Catherine Nash	[phone]
Media Andrea Ward Edelman Smithfield Iain Dey Latika Shah	[phone] [phone] [phone]

Company number: SC286832

LEI: OTMBS544NMO7GLCE7H90

 

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