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Phoenix Group confirms admission of nil-paid rights

25 October 2016 09:28

Phoenix Group Holdings said, pursuant to the rights issue to part finance the proposed acquisition of Abbey Life, 144,727,282 new shares were admitted to listing on the premium segment of the official list today.

Qualifying Non-CREST Shareholders (subject to certain exceptions in relation to persons located in a Restricted Territory or Excluded Territory) were yesterday sent a Provisional Allotment Letter and Qualifying Depositary Interest Holders will receive a credit to their appropriate stock accounts in CREST as soon as practicable after 8.00 a.m. (London time) today in respect of the Nil Paid Rights to which they are entitled.

The latest time and date for acceptance, payment in full and registration of renounced Provisional Allotment Letters remains 11.00 a.m. (London time) on 8 November 2016.

At 9:28am: (LON:PHNX) Phoenix Group Holdings share price was -106.5p at 748.5p

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