Online Services:

SkipNav

Special General Meeting update

28/05/2021
FINANCIAL AND CORPORATE

Savings, retirement and protection provider Liverpool Victoria Financial Services Limited (“LV=”) advises that the timing of its Special General Meeting (SGM) and Members Meeting has been moved from the first half of the year. All eligible members  will be invited to vote on the proposed acquisition of LV= by Bain Capital Credit LP (“Bain Capital”) at a later date, which will be confirmed in due course.

The complexity of the transaction has resulted in more time being built into the process for further engagement with a range of stakeholders, on behalf of members.

“Delivering in the best long-term interests of members has been the guiding principle behind all decisions throughout the process and this is no exception: we will not compromise the rigour and level of engagement that this complex process requires and members deserve.  I would like to thank all our members for their patience and look forward to further engagement and providing an updated timetable in due course.”

Mark HartiganLV= Chief Executive

Further details of the Special General Meeting and Member Meeting will be published on lv.com/future once confirmed. At this point we will also provide further information on the member engagement programme which will comprise:

  • A comprehensive voting pack for all members
  • An all member webinar 
  • A dedicated webinar and email address for With-profits policyholders in addition to specific content relevant to them on the website.

In the meantime, members can find all the current available information about the transaction at lv.com/future.

Notes

1 All members will get a vote on the transaction, subject to LV=’s usual voting criteria of being a member for 12 months.