Scrip Dividend Calculation Price

RNS Number : 2803B

Phoenix Group Holdings

13 April 2012

 



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 final dividend is 552.4 pence per share.

The Calculation Price is the average of the closing middle market price of an Ordinary Share, as derived from the London Stock Exchange Daily Official List for the five consecutive dealing days starting from 4 April 2012 inclusive (the ex-dividend date for the 2011 final dividend).

The expected timetable for the 2011 final dividend is:-

Mandate delivery deadline for Shareholders                                       5.00 p.m. (BST), 25 April 2012

Dividend payment date                                                                       8 May 2012

First day of dealings in New Ordinary Shares                                    8 May 2012

The amended warrant exercise price will be announced on or before 1 May 2012

Payment of the dividend is subject to Shareholder approval at the Company's annual general meeting to be held on Thursday 3 May 2012 at 1.00 pm.

Details of the Scrip Dividend Scheme were sent to Shareholders on 2 April 2012. 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:

Investors
Katherine Jones Head of Investor Relations, Phoenix Group	[phone]
Media
Neil Bennett, Maitland Peter Ogden, Maitland	[phone]

Note: Defined terms used in this announcement have the same meaning as given to them in the Circular sent to Shareholders on 2 April 2012.

 

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