Bonanza awaits shareholder
EDINBURGH-based insurance giant Standard Life is trying to trace a local resident owed more than £30,000.
The firm has an 11 million 'pot' of shares that 'ex-members' were due to receive when it demutualised in 2006.
Among them is one Edinburgh resident who is owed more than 14,000 shares, worth 34,000.
In total, there are 13,000 people in Scotland who are entitled to shares that remain unclaimed since the changeover from being a mutual company.
The company has now appointed specialists Georgeson to try to find everyone who is still owed shares, with an estimated 2.1m unclaimed in Edinburgh.
Paul McKenna, assistant group company secretary, said: "This is a very large pot of shares and cash we're looking to find the rightful owners for.
"Many of these customers might not have realised."
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Saturday 04 February 2012
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