Standard Life EGM will be called 'if Stonebanks resolution is legal'

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Standard Life will have to call a Extraordinary General Meeting (EGM) within the next three months I...

Standard Life will have to call a Extraordinary General Meeting (EGM) within the next three months IF David Stonebanks' resolution to demutualise the life insurer is legally valid, says the Edinburgh firm. A spokeswoman at Standard Life confirmed a proposal from Standard Life policyholder David Stonebanks did hand in around 2,000 votes and a resolution to demutualise the firm - as he proposed he would last week. However, officials are unable to safely say what the next move will be as each vote presented has to be checked to ensure the name listed is a Standard Life member, as wel...

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