Scrip Dividend Calculation Price

RNS Number : 1845O

Phoenix Group Holdings

14 September 2011

 



PHOENIX GROUP HOLDINGS

Scrip Dividend Calculation Price

Phoenix Group Holdings (the "Company") announces that the Calculation Price for the New Ordinary Shares to be issued to Shareholders who elect to receive the scrip dividend for the 2011 interim dividend is 507.6 pence per share.

The Calculation Price is the average of the middle market quotations of an Ordinary Share, as derived from the London Stock Exchange Daily Official List for the five consecutive dealing days starting from 7 September 2011 inclusive (the ex-dividend date for the 2011 interim dividend).

The expected timetable for the 2011 interim dividend is:-

Mandate delivery deadline for Shareholders                           4.00 p.m. (BST), 26 September 2011

Dividend payment date                                                           7 October 2011

First day of dealings in New Ordinary Shares                        7 October 2011

The amended warrant exercise price will be announced on or before 3 October 2011.

Payment of the interim dividend is subject to compliance with the processes set out in Phoenix Group's main credit facilities.

Details of the Scrip Dividend Scheme were sent to Shareholders on 5 September 2011.  Full details and copies of the Circular and relevant mandate forms are available on the Company's website at http://www.thephoenixgroup.com in the Investor Relations section and also at the National Storage Mechanism http://www.hemscott.com/nsm.do.

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 413277

Note: Defined terms used in this announcement have the same meaning as given to them in the Circular sent to Shareholders on 5 September 2011.

 

END

 

 

STREANNDFDNFEFF