Irish Standard Life Shareholders in line for €1,000 payout
Wednesday 10 September 2014
Shareholders in Standard Life are in line for a windfall of almost €1,000 each after the Scottish based fund manager announced it would return STG£1.75 billion, or 73p per share, of the proceeds from the sale of its Canadian business last week to shareholders.
It is thought that there are about 60,000 Irish shareholders in the investment group, following its demutualisation some eight years ago in July 2006. At the time, some 94,000 Irish shareholders were granted an average of 641 shares shares in the company.