Holding in Company

RNS Number : 4259X

Phoenix Group Holdings

07 February 2013

 



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		X
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):

3. Full name of person(s) subject to the notification obligation:	Lloyds Banking Group plc
4. Full name of shareholder(s) (if different from 3.):	See Section 9
5. Date of the transaction and date on which the threshold is crossed or reached:	1 February 2013
6. Date on which issuer notified:	5 February 2013
7. Threshold(s) that is/are crossed or reached:	Direct / Indirect holdings increased to above 6% (see section 13)

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	Direct	Indirect	Direct	Indirect
Eur 0.0001	7,051,934	7,051,934	6,319,803	6,319,803	1,407,439	3.620%	0.806%
KYG7091M1096

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
Warrants over Ordinary Shares	03/09/2014	02/09/2009 - 03/09/2014	1,296,672	0.765%
Contingent Rights over Ordinary Shares (Event Shares)	22/06/2013	05/07/2010 - 22/06/2013	218,474	0.125%

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
Open Offer Shares		11/02/2013		1,504,763	Nominal	Delta
					0.862%

Total (A+B+C)
Number of voting rights	Percentage of voting rights
10,747,151	6.178%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Equities Material holdings of equities held by subsidiaries of Lloyds Banking Group plc are listed below: 2,077,184 shares (1.190%) are under the control of Ranelagh Nominees Limited, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct Interests). 2,075,819 shares (1.189%) are under the control of Uberior Co-Investments Limited, a wholly owned subsidiary of Uberior Fund Investments Limited, a wholly owned subsidiary of Uberior Investments Plc, a wholly owned subsidiary of Bank of Scotland plc, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct Interests). 1,188,981 shares (0.681%) are under the control of Bank of Scotland plc a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct Interests). 977,802 shares (0.560%) are under the control of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct Interests). 1,403,775 shares (0.804%) are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).   Warrants 1,261,510 warrants (0.765%) are under the control of Ranelagh Nominees Limited, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct Interests).  The number of shares relating to these warrants on exercise would be increased by the ratio of 1.027873. Event Shares 119,884 shares (0.069%) are under the control of Bank of Scotland plc, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct Interests). 98,590 shares (0.056%) are under the control of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds Banking Group plc (Direct Interests).

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: Notification using the total voting rights figure of 174,587,148 On 1 February 2013, Scottish Widows Investment Partnership Limited, a subsidiary of Lloyds Banking Group plc, traded in the ordinary shares of Phoenix Group Holdings. This TR1 notification has therefore been prepared taking into account the entitlement to open offer shares, pursuant to DTR 5.3.1
14. Contact name:	Andrew Kellett
15. Contact telephone number:	0113 235 7729

 

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