Standard's flotation proposals reveal £340m loss in 2004

The life company revealed the figures this morning as part of the details of its demutualisation plans, which would see the firm float with a value of between £4.8bn and £5.5bn giving around half of eligible members shares valued at between £500 and £1000. The life office says its advisers Merrill Lynch and UBS have both estimated that had ordinary shares of Standard Life plc traded on the stock market on 13 April, they would have done so within a price range of around 240p and 290p a share. Each eligible member will receive 185 shares, but see their windfall boosted further by additional...