Business
Results of Rump Placing
Results of Rump Placing.
About this update from Standard Life Plc
[{"type":"text","content":"\n \nRNS Number : 1901U Phoenix Group Holdings 10 July 2018 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n10 July 2018\nResults of Rump Placing\nFurther to the announcement made earlier today by Phoenix Group Holdings (the \"Company\") regarding the results of the Rights Issue, the Company is pleased to announce that HSBC, BofA Merrill Lynch and J.P. Morgan Cazenove (the \"Global Coordinators\") have procured subscribers for the remaining 6,888,571 New Shares not validly accepted by 11.00 a.m. on 9 July 2018 (representing 3.75 per cent. of the New Shares) at a price of 674.5 pence per New Share.\n \nAccordingly, none of the Global Coordinators nor BNP PARIBAS nor any sub-underwriters will be required to subscribe for any New Shares under the terms of the Sponsor and Underwriting Agreement.\n \nQualifying Shareholders who did not take up their rights in the Rights Issue will receive any premium over the Rights Issue price of 518 pence per New Share less related expenses (including any applicable brokerage and commissions and amounts in respect of value added tax which are not recoverable), so long as the amount in question is at least £5.00.\n \nCapitalised terms used in this announcement shall have the meanings set out in the circular and prospectus dated 30 May 2018 (the \"Circular and Prospectus\"), which is available on the Company's website at www.thephoenixgroup.com (subject to certain exceptions in relation to persons located in a Restricted Territory or Excluded Territory).\n \nEnquiries\n \nInvestors/Analysts:\n \nPhoenix\nClaire Hawkins, Head of Investor Relations\n+44 (0)20 3735 0575\n \nBofA Merrill Lynch (Joint Financial Adviser for the Acquisition and Global Coordinator for the Rights Issue)\nArif Vohra, Craig Coben, Fraser Allan, Ali Azar\n+44 (0)20 7628 1000\n \nHSBC (Sponsor, Corporate Broker, Joint Financial Adviser for the Acquisition and Global Coordinator for the Rights Issue)\nGraeme Lewis, Simon Alexander, James Thomlinson, Richard Fagan\n+44 (0)20 7991 8888\n \nJ.P. Morgan Cazenove (J...