Demutualisation News
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News : Topics : Demutualisation Demutualisation is the process of a building society or other mutual changing its status from an organisation owned by its members into a public company listed on the stock exchange. As the members of the society (i.e. its accountholders, policyholders, mortgageholders etc) are relinquishing ownership they are entitled to compensation in the form of shares in the new company. These shares can then be sold on the market for cash, which is popularly known as a 'windfall'. Most mutuals have now either completed the move to public ownership or have stated that they have no plans to do so for the foreseeable future. News Stories on Demutualisation:Standard Life Shares Rise on Day One - Shares rise 5.4% in first day of trading of the demutualised insurer (11/07/2006)Cut in Standard Life Flotation Windfalls? - Stock market conditions could affect the size of Standard Life windfalls (12/06/2006) 98% 'Yes' by Standard Life Members - Overwhelming majority vote for the demutualisation of Standard Life (03/06/2006) Kent Reliance Dangles Demutualisation Carrot - Building society changes policy to welcome 'carpetbaggers' (23/05/2006) 500,000 Standard Life Policyholders Still 'Missing' - Half a million customers risk missing out on Standard Life Windfalls (22/05/2006) Standard Life Calls for Members to Make Contact - Around a third of potential windfall beneficiaries haven't confirmed their details with the insurer (24/04/2006) Standard Life Windfall Payments Announced - Insurer reveals the levels of demutualisation windfalls (18/04/2006) Standard Life to Float Next Summer - 2.4m Standard Life members to receive a windfall bonus (18/10/2005) Standard Life Admits Demutualisation U-turn - Mutual insurer admits plans for a stock market float are a 'huge u-turn' (24/08/2005) 47,000 Missing Out on Bank Windfall - Nearly £40m worth of demutualisation windfall payments remain unclaimed (04/12/2003) |
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