Notice of Variation and Relisting of Notes

RNS Number : 3779D
Phoenix Group Holdings PLC
27 October 2020
 

Phoenix Group Holdings plc notice of variation of the terms and conditions of £500,000,000 Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes (ISIN: XS1802140894) (the "Notes") and relisting of the Notes

Further to the notice of 25 September 2020, notice is hereby given to the holders of the £500,000,000 Fixed Rate Reset Perpetual Restricted Tier 1 Write Down Notes issued by Phoenix Group Holdings plc (the "Issuer") (the "Notes"), that with effect from 27 October 2020 (the "Effective Date"), the terms and conditions of the Notes have been varied pursuant to Condition 8(g)(ii) thereof to provide for automatic conversion of the Notes into shares of the Issuer upon the occurrence of a Trigger Event (as defined therein) (the "Variation"). From the Effective Date, the Notes shall be known as the Issuer's "Fixed Rate Reset Perpetual Restricted Tier 1 Contingent Convertible Notes". A copy of the Conditions, as amended following the Variation, is set out here:

http://www.rns-pdf.londonstockexchange.com/rns/3779D_1-2020-10-27.pdf

Notice is further given to the holders of the Notes that with effect from 27 October 2020, the Notes will no longer be listed on the official list of the United Kingdom Financial Conduct Authority and will no longer be admitted to trading on the regulated market of the London Stock Exchange plc. With effect from 27 October 2020, the Notes are expected to be listed on the official list of the Irish Stock Exchange   plc, trading as Euronext Dublin and admitted to trading on the global exchange market.

Enquiries

Investors/analysts:
Rashmin Shah, Group Treasurer, Phoenix Group

+44 (0) 20 3735 0059, rashmin.shah@thephoenixgroup.com

Claire Hawkins, Corporate Affairs and Investor Relations Director, Phoenix Group
+44 (0)20 3735 0575. claire.hawkins@thephoenixgroup.com

Media:
Douglas Campbell/ Haya Herbert-Burns,Teneo

+44 (0)7753 136628/ +44 (0)7342 031051

 

Shell ie Wells , Head of Corporate Communications, Phoenix Group

+44 (0)203 73 5 0922, shellie.wells@thephoenixgroup.com

LEI: 2138001P49OLAEU33T68

Notes

1.  This notice does not constitute or form part of an offer to sell or the solicitation of an offer to subscribe for or otherwise acquire any securities.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STRUBSSRRAURUAA
UK 100

Latest directors dealings