10/07/06 The London Stock Exchange is delighted to welcome Standard Life to the Main Market
10 July 2006
The London Stock Exchange is delighted to welcome Standard Life to the Main Market.
The majority of Edinburgh-based Standard Life’s customers are in the UK, and the company also has operations in Canada, and businesses in Ireland, Germany and Hong Kong, along with joint ventures in China and India.
Standard Life plc’s market capitalisation is approximately £4.65 billion on admission at the Offer Price of 230p per share.
Commenting on the listing, Sir Brian Stewart, Standard Life Chairman, said:
"Today marks an important new chapter in Standard Life's history. The Board would like to extend a warm welcome to all the Group's new shareholders and looks forward to building long term value in the business."
Merrill Lynch International and UBS Limited are acting as Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners. Citigroup Global Markets U.K. Equity Limited and JPMorgan Cazenove Limited are Co-lead Managers.