FOR 178 years, insurance company LV= has delivered excellent value to millions of people up and down the UK.

As times have changed, LV= has changed along with them and has built up over one million members over the years.

If you’re one of these members, then you have an important decision to make to help secure LV=’s future.

As an LV= member you get to vote on whether to approve an offer made by Bain Capital to acquire LV=.

“If this transaction goes through in full every member gets £100. Some members will get even more.”

Why is this happening?

After an extensive review the LV= Board concluded that in order to survive the company needs significant financial investment.

One option was to ask existing members to bear the cost of this, but the Board decided that this would not be fair and have decided to seek external investment.

Having assessed many options, an offer made by Bain Capital was deemed to be the best deal by far, collectively for members and for the future of the company.

What am I voting for?

You are being asked to vote in favour of the deal to secure the company’s future and ensure your policies will continue to be maintained in the same way as they are today.

Secondly, if the proposals go ahead in full a £100 one-off payment will go out to each of the 1.1 million members.

Finally, a vote in favour of the deal will see Bain Capital invest £160 million into LV=. They also committed to keep LV=’s UK sites open, meaning that you will continue to receive quality British service and standards.

“If the deal with Bain passes, it means stability and protection for LV=.”

How do I vote?

Proxy voting is open now either online or by post until 2pm on 8 December.  You can also vote in person at the online Meeting on 10 December.

Click here to find the Member Vote Pack and access your unique codes which will enable you to cast your vote.

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