- Building Society says there is no need to consult its 16 million members
- But Virgin Money shareholders will get a vote
- A petition set up by Nationwide members has attracted 500 signatures
Nationwide is under pressure to give members a say in the £2.9 billion takeover of Virgin Money after a petition met its target yesterday.
The building association, led by Debbie Crosbie, has said there is no need to consult its 16 million members – but Virgin Money shareholders will have a vote.
A petition set up by members of Nationwide has attracted 500 signatures, which could pave the way for a special meeting.
Under pressure: Nationwide, led by Debbie Crosbie, has said there is no need to consult its 16 million members
Nationwide will oppose the vote of the members even if a meeting is organized.
Organizer Mikael Armstrong told The Mail on Sunday that the decision not to give members a say was ‘an outrageous display of arrogance’.
