Scrip/Final Dividend Update (3522C)
30 Aprile 2012 - 1:30PM
UK Regulatory
TIDMPHNX TIDMPHNW
RNS Number : 3522C
Phoenix Group Holdings
30 April 2012
PHOENIX GROUP HOLDINGS
2011 Scrip / Final Dividend Update
Phoenix Group Holdings (the 'Company') announces that it has
received from its Shareholders scrip dividend elections covering
3,007,775 Ordinary Shares for the final dividend of 21p per
Ordinary Share.
This will result in the issue of 114,333 New Ordinary Shares,
resulting in an increase of 0.066% in the issued share capital of
the Company. As previously announced on 13 April 2012, the relevant
Calculation Price to be used will be 552.4 pence per Ordinary
Share. Accordingly, the total final dividend to be paid in cash
will be GBP36,007,710 and will be paid on 8 May 2012.
As a result of the issue of the New Ordinary Shares, the terms
of each of the Public Warrants, the Lender Warrants and the Royal
London Warrants will be amended as follows:
Public Warrants
Each Public Warrant shall be exercisable into 1.027873 Ordinary
Shares per Public Warrant. The Warrant Price at which each Public
Warrant may be exercised will change from EUR10.71 to EUR10.70 and
the Floor Price at which the Company may redeem each Public Warrant
for EUR0.01 will change from EUR16.06 to EUR16.05.
Lender Warrants
Each Lender Warrant shall be exercisable into 1.027873 Ordinary
Shares per Lender Warrant. The Warrant Price at which each Lender
Warrant may be exercised will change from GBP14.60 to GBP14.59 and
the Floor Price at which the Company may redeem each Lender Warrant
for EUR0.01 will change from GBP18.98 to GBP18.97.
Royal London Warrants
Each Royal London Warrant shall be exercisable into 1.027873
Ordinary Shares per Royal London Warrant. The Warrant Price at
which each Royal London Warrant may be exercised will change from
EUR10.71 to EUR10.70 and the Floor Price at which the Company may
redeem each Royal London Warrant for EUR0.01 will change from
EUR16.06 to EUR16.05.
The remaining timetable for the 2011 final dividend is as
follows:
Dividend payment date 8 May 2012
First day of dealings in New Ordinary 8 May 2012
Shares
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 published documents
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.
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 and available on the Company's Website.
Enquiries:
Investors
Katherine Jones
Head of Investor Relations, Phoenix
Group +44 (0)20 7489 4879
Media
Neil Bennett, Maitland
Peter Ogden, Maitland +44 (0)20 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
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