Standard Life says Aberdeen-nominated director will leave its board
Siobhan Boylan will leave Standard Life’s board after Aberdeen’s stake fell to about 5.3% following the sale of 52,000,000 shares.
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what happened
Standard Life plc said Siobhan Boylan, the group shareholder-nominated non-executive director put forward by Aberdeen Group plc, will leave the board effective 12 October 2026. The company’s announcement was released through RNS, with the information supplied by Newsmetry API.
The change follows Aberdeen’s announcement on 8 October 2026 that it had sold 52,000,000 ordinary shares in Standard Life. Aberdeen’s holding has consequently declined to approximately 5.3%.
Under the arrangements between Aberdeen and Standard Life, the group no longer meets the ownership threshold needed to nominate a board director. The announcement was made under UKLR 6.4.6 of the UK Listing Rules.
why it matters
The board change reflects Aberdeen’s reduced entitlement to board representation after selling part of its stake. For Standard Life, the announcement marks a change in the composition of its board and its corporate governance structure.
instruments
sources
- REG - Standard Life plc - Board Changes — Newsmetry API, 12 October 2026 at 15:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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