Announcement of Relevant Securities in Issue

RNS Number : 6569S

Phoenix Group Holdings

23 November 2011

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

23 November 2011

Phoenix Group Holdings (the "Company")

Announcement of Relevant Securities in Issue

Phoenix Group Holdings confirms that, as at the close of business on 22 November 2011, the Company had  174,472,815 ordinary shares of €0.0001 nominal value each in issue on the main market of the London Stock Exchange, under the UK International Securities Identification Number ('ISIN code') KYG7091M1096.

In addition, as at the close of business on 22 November 2011, the Company had: 

(a)       8,169,868 public warrants in issue on the main market of the London Stock Exchange, under the UK International Securities Identification Number ('ISIN code') KYG7091M1179;

(b)       a total of 5,000,000 "Lenders' Warrants" in issue pursuant to a warrant instrument dated 2 September 2009 with an exercise price of £14.60. The Lenders' Warrants are not listed or admitted to trading on any market; and

(c)       a total of 12,360,000 "Royal London Warrants" in issue pursuant to two warrant instruments, each dated 2 September 2009, with an exercise price of €10.71. The Royal London Warrants are not listed or admitted to trading on any market.

The City Code on Takeovers and Mergers

By virtue of its status as a Cayman Islands incorporated company, the City Code on Takeovers and Mergers (the City Code) does not apply to Phoenix Group Holdings.  Phoenix Group Holdings has incorporated certain provisions into its articles of association (Articles) to reflect certain provisions of the City Code.  The provisions do not, however, provide shareholders with the full protections offered by the City Code.  Shareholders are reminded that the Panel on Takeovers and Mergers (the Panel) does not have responsibility, in relation to Phoenix Group Holdings, for ensuring compliance with the City Code and is not able to answer any queries in relation to the Company.

Dealing Disclosures

Persons dealing in relevant securities of Phoenix Group Holdings are not obliged to disclose any of their dealings under the provisions of the City Code. 

However, market participants are requested to make disclosures of such dealings of relevant securities of Phoenix Group Holdings as if it were in an offer period under the City Code. For these purposes, the 'relevant securities' of the Company include its ordinary shares and warrants.

Public disclosures regarding dealings in securities of the Company should not be e-mailed to the Panel but released directly through a Regulatory Information Service.

Phoenix Group Holdings' website (at www.thephoenixgroup.com/investor-relations/corporate-activity) contains further details and the form of disclosure requested. If you are in any doubt as to whether or not you should disclose dealings, you should contact an independent financial adviser authorised by the FSA under the Financial Services and Markets Act 2000 (FSMA).

For further information please contact:

Enquiries:

Media                                                                         Investor Relations               

Daniel Godfrey                                                          Lorraine Rees

+ 44 (0) 20 7489 4517                                                + 44 (0) 20 7489 4456

+ 44 (0) 7894 937 890                                                + 44 (0) 7872 413 277

 

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