Over 235,000 former Standard Life members have yet to claim a total of almost 90 million shares following the company's demutualisation and flotation in July 2006.
At the closing price of £3.06 on Tuesday the shares were worth a total of approximately £272m.
The shares are currently being held in the company’s unclaimed assets trust (UAT) and represent 4.2% of the total shareholding in Standard Life.
The company has also revealed a total of just under £18m in cash has to be claimed by almost 20,000 former members.
The cash is also being held in the UAT in a combination of sterling, euro and Canadian dollars.
Anyone entitled to shares or cash has until 10 July 2016 to come forward, after which the proceeds of the trust will be used for general corporate purposes.
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7968 4554 or email [email protected].IFAonline
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