Standard Life - Returning value to Shareholders (Sale of Canadian Companies)

When changing your default option you are offered to avail of income option and capital option (B Shares). If you opt for the Capital option it asks you to insert the number of B Shares. Is the number you input the number you currently hold ? When you click to continue it then states that you have elected for ? Number of B Shares and any remaining B/C Share Entitlement in C Shares. What does all this mean ?

If you opt for all B shares do not enter any value into the box.

If you want an amount of B & C shares then enter an amount into the box of the B shares you require.

The amount being returned is 73p per share or 1/6 (16.5%) of a share based on it approx. current share price.
To equate you need to take your shareholding and divide it by 6. That will equate to the number of shares (B or C) that 73p will get you.
You then make a decision on what proportion of that new share amount you want as B share and C share and input the B share amount into the box.
If you want all B share, then select B Share only and input no figure. It will then tell you once you make that decision that you will receive all share.

Other than that I can offer you no advice on what you should select.

Sure we are gaining nothing from this financially when they are taking away shares to pay us. im voting against this farce

Indeed you are correct. I thought that perhaps the share had appreciated a lot because of this but that is not really the case as they had been at the current price about two years ago. Nonetheless, I have voted for it.

Also remember that the final dividend payout for 2014 will be based on the number of new shares and not the current number you hold.

Can anyone tell me what the tax percentage will be on the C shares and if it will be deducted from source by Standard Life.

Can I ask, is the .73p per share being returned based on the number of shares before or after consolidation. Found out today that final dividend for 2014 is being calculated on new number of shares but wondered about the other one. Thanks in advance.

Has anyone received anything back from Std Life yet? I looked up my account and it indicates a payment is due to me from 1st April.
Does this get posted out in the form of a cheque/draft?

No payment yet and waiting to use it, very annoying.
Had wanted it left in the account to re-invest it but was told no.
Will use it for other investment as the share price is too high after consolidation and the P/E has risen to well over 25

wab0607 said:

Can I ask, is the .73p per share being returned based on the number of shares before or after consolidation. Found out today that final dividend for 2014 is being calculated on new number of shares but wondered about the other one. Thanks in advance.

Click to expand...

Based on share amount before consolidation.

I received my payment (return of capital option) by credit transfer and the money was in the account on 1st April. Might be worth following up if you have heard nothing by end of next week.

Also opted for the capital option and have yet to receive payment. Emailed them last week but have not received a reply yet.

Cheque arrived today

No cheque yet, probably here tomorrow.