Published Date:
30 September 2008
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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Last Updated:
30 September 2008 10:25 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh
