Standard Life Aberdeen to return £1.75bn to shareholders

Standard Life Aberdeen to return £1.75bn to shareholders
 

More than a million shareholders in Standard Life Aberdeen are due for a windfall pay-out of £1bn.
A further £750m is to be spent on buying back shares, which has the effect of raising the share price, as a further benefit to shareholders.
The proposal was put forward by the Edinburgh-based financial giant, on the day of its annual general meeting.
A decision on it will be made on 25 June at a further meeting of shareholders.
The pay-out plan is to distribute most of the proceeds from selling the company's insurance division to Phoenix Group.
That was announced in February, and it is to be... read more

 
30 May 2018 in Business, Views: 71
Source: BBC
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