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    SL.   GB00BF8Q6K64

STANDARD LIFE ABERDEEN PLC

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Standard Life Aberdeen : to become Abrdn plc

04/26/2021 | 03:08am EDT

Standard Life Aberdeen plc ('the Company') today announces its intention to change its name to 'Abrdn plc'. The new Abrdn name (pronounced 'Aberdeen') will be part of a modern, agile, digitally-enabled brand that will also be used for all the Company's client-facing businesses globally.

The new brand identity marks the next stage in the reshaping of the business and future-focused growth strategy. The Company is focused on three interrelated growth vectors: global asset management (Investments), technology platforms for UK financial advisers and their customers (Adviser), and UK savings and wealth (Personal).

The rebranding roll-out process for the new name and associated visual identity will begin in the summer and progress through 2021, alongside implementation of a full stakeholder engagement plan to manage the transition.

Stephen Bird, Chief Executive, said:

'Our new brand Abrdn builds on our heritage and is modern, dynamic and, most importantly, engaging for all of our client and customer channels. It is a highly-differentiated brand that will create unity across the business, replacing five different brand names that have each been operating independently. Our new name reflects the clarity of focus that the leadership team are bringing to the business as we seek to deliver sustainable growth.'

A subsequent announcement will be made when the Company's name change becomes effective with a revised stock ticker. This is expected to take place prior to the publication of the Company's half year results in August 2021. Until such an announcement is made, trading will continue under the existing ticker. No action is required on the part of any equity holders with respect to their rights as an equity holder.

26 April 2021

Disclaimer

Standard Life Aberdeen plc published this content on 26 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2021 07:07:09 UTC.


© Publicnow 2021
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Financials
Sales 2021 1 483 M 2 092 M 2 092 M
Net income 2021 230 M 324 M 324 M
Net cash 2021 887 M 1 251 M 1 251 M
P/E ratio 2021 21,3x
Yield 2021 5,23%
Capitalization 6 016 M 8 485 M 8 485 M
EV / Sales 2021 3,46x
EV / Sales 2022 3,27x
Nbr of Employees 6 029
Free-Float 97,7%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 308,59 GBX
Last Close Price 284,70 GBX
Spread / Highest target 32,1%
Spread / Average Target 8,39%
Spread / Lowest Target -12,2%
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Managers and Directors
NameTitle
Stephen Bird Chief Executive Officer & Director
Stephanie Bruce Chief Financial Officer & Executive Director
Douglas Jardine Flint Chairman
Mark Jonathan Dixon Chief Information Officer
Mike Tumilty Global Chief Operating Officer
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