Scrip Dividend Scheme - Circular to Shareholders

RNS Number : 6582N

Phoenix Group Holdings

05 September 2011

PHOENIX GROUP HOLDINGS

Circular to Shareholders - Scrip Dividend Scheme

Phoenix Group Holdings (the "Company") announces the publication of a Circular to Shareholders in respect of its Scrip Dividend Scheme. The Circular and the relevant mandate forms are being posted to Shareholders today, Monday, 5 September 2011. The amended warrant exercise price will be announced on or before 3 October 2011.

The expected timetable for the 2011 Interim Dividend is:-

Ex-dividend date 7 September 2011

Record date 9 September 2011

Scrip calculation price determined 7 - 13 September 2011 (inclusive)

Scrip calculation price available and announced 14 September 2011

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

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

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.

Copies of the above documents have been submitted to the National Storage Mechanism and are to be made available for inspection at 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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