Crombie Aims for a 'Magic Million'

Daily MailMay 30, 2006

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Summary


STANDARD Life chief executive Sandy Crombie has outlined plans to encourage small shareholders to hang on to a large stake in the business long after July's Pounds 5.5bn stock market float.

In the past, banks, building societies and insurers, have tried to keep the number of retail investors on the register to a minimum because it is more expensive to maintain.

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Extract


Crombie Aims for a 'Magic Million'

But Crombie reckons a loyal base of shareholders outside the City will act as a prot...

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