ALL OF STANDARD Life's seven-million-strong global customer base could be offered shares in the company on a preferential basis next year, in a flotation deal much bigger than that initially considered, according to this morning's Scotsman .
The life insurer is now thought to be considering a radical preferential share offer far wider than its 2.6 million member base, which allows other customers to buy shares ahead of the general public when the firm floats on the London Stock Exchange. Customers of Standard Life Bank, for example, could be given preferential entitlement to shares before they are available to the general public. Similar preferential treatment might be extended to investors in funds managed by Standard Life Investments and those with Standard Life Healthcare policies. FORMER TRANSPORT secretary Stephen By...
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