Amendment to Previous Notification
The following amendment has been made to the TR-1 Notification of Major Interest in Shares announcement released on 25 February 2013 at 17.00 under RNS No 6260Y.
Stating in Box 2 that the reason for the notification is "Disclosure of revised position following completion of Firm Placings and Open Offer" in addition to "An acquisition or disposal of voting rights".
Clarifying in Box 13 (Additional Information) that the notification relates to an increase in the number of shares held but a reduction in the percentage of shares held due to the overall higher number of shares in issue from 21 February 2013 from the firm placings and open offer.
Financial Services Authority
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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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 |
Yes |
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached. |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
Disclosure of revised position following completion of Firm Placings and Open Offer |
Yes |
3. Full name of person(s) subject to the
notification obligation: |
Hugh Edward Mark Osmond |
4. Full name of shareholder(s)
(if different from 3.): |
Friends Provident a/c 712134 and Xercise2 Ltd |
5. Date of the transaction and date on
which the threshold is crossed or
reached: |
21 February 2013 |
6. Date on which issuer notified: |
25 February 2013 |
7. Threshold(s) that is/are crossed or
reached: |
Below 6% |
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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 |
Indirect |
Direct |
Indirect |
EUR 0.0001 |
11,072,825 |
13,229,201 |
13,229,201 |
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5.89% |
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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 |
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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 |
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Nominal |
Delta |
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Total (A+B+C) |
Number of voting rights |
Percentage of voting rights |
13,229,201 |
5.89% |
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9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: |
Friends Provident International Ltd (ref: Life Bond 712134) |
5,441,742 |
Xercise2 Limited |
7,787,459 |
Total |
13,229,201 |
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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 |
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13. Additional information:
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Hugh Osmond has taken up his entitlements under the Phoenix Group Holdings open offer, resulting in an increase in his shareholdings from 21 February 2013. Due to the firm placing of shares to Och-Ziff, also on 21 February 2013, the overall higher number of shares in issue from 21 February 2013 has resulted in a reduction in the percentage holdings of Hugh Osmond. |
14. Contact name: |
Stephen Farrugia |
15. Contact telephone number: |
020 7725 0810 |
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