Holding(s) in Company - Replacement

RNS Number : 6388Y

Phoenix Group Holdings

26 February 2013

 



Amendment to Previous Notification

The following amendment has been made to the TR-1 Notification of Major Interest in Shares announcement released on 25 February 2013 at 17.00 under RNS No 6260Y.

Stating in Box 2 that the reason for the notification is "Disclosure of revised position following completion of Firm Placings and Open Offer" in addition to "An acquisition or disposal of voting rights".

Clarifying in Box 13 (Additional Information) that the notification relates to an increase in the number of shares held but a reduction in the percentage of shares held due to the overall higher number of shares in issue from 21 February 2013 from the firm placings and open offer.

Financial Services Authority

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			Phoenix Group Holdings
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached.
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):	Disclosure of revised position following completion of Firm Placings and Open Offer			Yes
3. Full name of person(s) subject to the notification obligation:		Hugh Edward Mark Osmond
4. Full name of shareholder(s)  (if different from 3.):		Friends Provident a/c 712134 and Xercise2 Ltd
5. Date of the transaction and date on which the threshold is crossed or reached:		21 February 2013
6. Date on which issuer notified:		25 February 2013
7. Threshold(s) that is/are crossed or reached:		Below 6%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights

Direct

Indirect

Direct

Indirect

EUR 0.0001

11,072,825

13,229,201

13,229,201

5.89%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

13,229,201

5.89%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Friends Provident International Ltd (ref: Life Bond 712134) 5,441,742 Xercise2 Limited 7,787,459 Total 13,229,201
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Hugh Osmond has taken up his entitlements under the Phoenix Group Holdings open offer, resulting in an increase in his shareholdings from 21 February 2013. Due to the firm placing of shares to Och-Ziff, also on 21 February 2013, the overall higher number of shares in issue from 21 February 2013 has resulted in a reduction in the percentage holdings of Hugh Osmond.
14. Contact name:	Stephen Farrugia
15. Contact telephone number:	020 7725 0810

 

END

 

 

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