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Scot Prov members say yes to Abbey

Scottish Provident members voted yes to plans to demutualise and transfer business to Abbey National at yesterday&#39s extraordinary general meeting.

Subject to independent verification of the votes cast by members at the EGM Scottish Provident says it is already clear from the proxy votes received that in excess of 97 per cent of votes cast were in favour of the proposals.

The proposals to demutualise and be taken over by Abbey National required over 75 per cent of those members who voted in person or in proxy to vote in favour.

Scottish Provident says a second EGM is being held on June 29 to confirm the results of yesterday&#39s meeting.

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