Members say 'yes' to SL flotation

Results were confirmed at its special general meeting held in Edinburgh today, which set out the special resolution to demutualise the company, the impact it would have on policyholder members and how many people would receive a windfall payout. A total of almost 1.58 million votes were case, and 1.54 million or 98% of those approved the deal while 32,474 rejected the offer. In order to demutualise the company, its own regulations required 75% of voting members supported the plan, before it moves to the Scottish courts for regulatory approval. Its next stage of approval will see the Cour...