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IMPORTANT INFORMATION
Press releases are intended for information only and should not be relied upon by customers when making investment decisions. While all efforts are made to ensure that the content of press releases are accurate at the time of publication, the information contained within past press releases should not be relied upon as still being current.
19.05.2008
Standard Life Annual General Meeting 2008
At his first Annual General Meeting (AGM) since his appointment as Standard Life Chairman, Gerry Grimstone told shareholders in Edinburgh today that the company had enjoyed a 'record-breaking year' in 2007 despite the challenging economic climate.
The AGM took place in the Edinburgh International Conference Centre and all resolutions were successfully passed.
The meeting also saw Colin Buchan elected to the Board as a non-executive director. He will take over as chairman of Standard Life Investments from Hugh Stevenson who retired from the Board at today's meeting. Lord Blackwell, who was appointed as a director in June 2003, will succeed Hugh Stevenson as the Senior Independent Director.
Gerry Grimstone said:
"Our excellent financial results in 2007 have helped drive value for our 1.5 million shareholders. Even in these very difficult markets it was a record-breaking year for our business.
"I have enjoyed my first year as Chairman, which has been an eventful one, and I'm looking forward to the opportunities and challenges we face in the future."
Ends
For further information please contact:
Barry Cameron - 0131 245 6165 / 0771 248 6463
Paul Geoghan - 0131 245 5422 / 0751 591 9934
Neil Bennett (Maitland) - 0207 379 5151 / 07900 000 777
| Results | For | Against | Withheld |
|---|---|---|---|
Resolution 1 - To receive and consider the 2007Annual Report and Acccounts |
624,040,085 |
2,300,958 |
703,686 |
Resolution 2 - To approve the Directors' Remuneration Report |
603,619,154 |
20,950,924 |
2,459,770 |
Resolution 3 - To declare a final dividend for 2007 |
626,491,112 |
314,570 |
245,628 |
Resolution 4 To re-appoint PricewaterhouseCoopers LLP as auditors |
615,443,069 |
3,294,312 |
8,292,231 |
Resolution 5 To authorise the Directors to set the auditors' fees |
622,770,505 |
3,306,404 |
968,124 |
Resolutions 6A and 6B Individual re-election of Directors: A. Lord Blackwell |
619,706,106 |
5,509,397 |
1,805,273 |
Resolution 7 Election of Colin Buchan as a Director |
619,877,908 |
4,049,321 |
2,010,603 |
Resolution 8 To authorise the Directors to issue further shares |
616,453,064 |
9,143,793 |
1,427,539 |
Resolution 9 (Special Resolution) To disapply share pre-emption rights |
617,373,408 |
6,272,739 |
3,387,638 |
Resolution 10 (Special Resolution) To give the Company authority to buy back up to 10% of its issued ordinary shares |
622,205,287 |
3,552,739 |
1,211,623 |
Resolution 11 To provide limited authority to the Company and its subsidiaries to make political donations and to incur political expenditure: |
599,172,984 |
24,783,557 |
2,998,683 |
Resolution 12 To adopt new articles of association |
619,551,088 |
4,458,403 |
3,035,742 |
Note:
The total number of shares in issue is 2,177,426,803 ordinary shares of 10 pence each. Votes withheld are not a vote in law, and have not been counted in the calculation of the votes for and each against each resolution.
