STANDARD LIFE MEMBERS are to be offered the opportunity to buy cheaper shares as part of the insurance giant's planned flotation, The Daily Telegraph has learned.
According to the paper, all seven million members of the mutual insurer are expected to be offered shares at a discounted price as part of the group's drive to promote loyalty under the long-awaited demutualisation and encourage people to buy extra shares on top of their windfall entitlement. Standard Life also pledged to try to stop members selling their shares in early trading after the summer float by promising an extra "loyalty" share for every 20 received if they hold the stock for at least 12 months. Details of the planned flotation will be published today as chief executive Sandy...
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