Scrip Dividend Scheme - Circular to Shareholders

RNS Number : 6415A

Phoenix Group Holdings

02 April 2012

 



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, 2 April 2012. The amended warrant exercise price will be announced on or before 1 May 2012.

The expected timetable for the 2011 Final Dividend is:-

Ex-dividend date                                                                     4 April 2012

Record date                                                                            10 April 2012

Scrip calculation price determined                                         4-12 April 2012 (inclusive)

Scrip calculation price available and announced                   13 April 2012

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

In relation to the payment of the dividend, the Company announces that it has complied with the relevant processes set out in the Group's main credit facilities.  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.

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 made available for inspection at 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.

 

END

 

 

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