Ordinary shares

How many ordinary shares are in issue?

There are 224,587,148 ordinary shares in issue.

What is the par value of a Phoenix Group Holdings ('PGH') ordinary share?

Our shares have a par value of €0.0001.

When were PGH's ‘B’ shares converted into ordinary shares?

This took place on 5 July 2010 as part of the capital restructuring.

How can I buy PGH shares?

To buy shares in PGH you will need to contact your bank or a stockbroker. They will be able to purchase shares on your behalf and either hold them in a nominee account on your behalf, or make arrangements for you to receive a share certificate representing your entitlement.

Why don’t you have ‘normal’ ordinary shares listed in London?

The Company’s ordinary shares are listed in London. However, under English law, shares in non-UK companies such as PGH cannot be held within the CREST system. Therefore, depositary interests (DIs) have been issued to allow trading and settlement of the Company’s ordinary shares through CREST.

Why did you change from CDIs to DIs? Why did you originally create CDIs rather than DIs?

We appointed our UK registrars only shortly before the secondary listing, meaning there was not adequate time to establish the DI structure. However, the CDI structure is provided by CREST and is readily available for companies to use. Had time allowed we would have established DIs straight away, since this was always our preferred option.

What is the difference between a CDI and a DI?

a) There is no difference between CDIs and DIs from a settlement point of view. Both can be used to settle foreign securities in the CREST system.

b) DIs and CDIs are identical in legal character – both represent underlying securities and are themselves uncertificated instruments which may be held, transferred and settled within CREST. The main difference between CDIs and DIs is the party that issues them. CDIs (or CREST depositary interests) are issued by CREST, the UK’s electronic settlement system. DIs, in the case of Phoenix, will be issued by Computershare, a registrar providing a full range of services to investors under a contractual arrangement with the Company.

What are my options on how to hold the stock going forward?

Investors have a choice as to how they hold their shares, either through the receipt of a share certificate from the register, or through their broker’s nominee service, which is usually a CREST-based facility.

What do I need to do to transfer from Euronext to LSE (CREST)?

You should contact your custodian or broker.


How many warrants are there?

There are 8,169,868 public warrants with an exercise price of €10.70. There are also 17,360,000 other warrants (12.4m with an exercise price of €10.70 and 5m with an exercise price of £14.59).

Where are the warrants listed?

These were admitted to the London Stock Exchange at the time of the premium listing (5 July 2010). The warrants were delisted from Euronext Amsterdam on 17 November 2010

What is the expiry date of the public warrants?

The public warrants will expire at the close of trading on the London Stock Exchange on 3 September 2014 or earlier upon redemption or liquidation. The 2009 and 2010 Annual Report and Accounts give a date of 6 February 2013 which is incorrect.

We would request that, if a warrant is to be exercised, then if they are held as a DI or within Crest they be de-materialised and a warrant certificate can then be issued by the Registrars, Computershare.

Each Warrant shall be exercisable into 1.027873 Ordinary Shares per Warrant.

For additional information please view the Amended and Restated Public Warrant Agreement and/or Report and Accounts - Warrants over shares

Trading information

On what stock exchanges are PGH shares listed?

The PGH share has a premium listing on the London Stock Exchange. The ordinary shares were delisted from Euronext Amsterdam on 17 November 2010. Euronext delisting.

When was PGH listed on the London Stock Exchange?

We achieved a standard listing on 17 November 2009 and then moved up to a premium listing on 5 July 2010.

What are the ISIN code and the Reuters and Bloomberg symbols for the PGH share?

ISIN code: KYG7091M1096
Bloomberg symbol: PHNX.ln
Reuters securities code (RIC): PHNX.l

Where do I get market / share price information about the development of the PGH share?

On our website there is a sophisticated near-time online share price information system with several charting tools. Prices are delayed by about 15 minutes.

Who are the largest shareholders?

As at 28 February 2013 PGH's largest shareholders were TDR Capital Nominees Limited and Och-Ziff. 

What is the average daily trading volume of PGH shares?

To assess the trading volumes you need to look across the various trading platforms.

Annual general meeting

How can I attend the Annual General Meeting (AGM)?

Shareholders will receive an invitation through their custodian or broker, together with any necessary documentation, prior to the AGM.

How do I exercise my voting rights in case I am not present at the AGM?

Shareholders have the option to vote by proxy. Custodians will be issued with proxy cards when the notice of meeting is issued. Following the delivery of the proxy cards, the underlying beneficial shareholder will then need to contact their custodian directly to submit their voting instructions.

How can I receive a proxy statement?

If you hold your shares through a nominee or custodian within the UK then the proxy cards will be submitted initially to them. Contact your custodian or broker who will be able to forward your intention to vote to the Registrar.

Dividend payments

What was the amount of the last dividend payment and what was the payment date?

The interim dividend for 2012 was 21 pence, and was paid to shareholders on 4 October 2012.

When is the next dividend payment?

The 2012 final dividend is due to be paid on 3 May 2013, subject to compliance with the processes set out in the Group's main credit facilities and shareholder approval at the Company's AGM.

What currency will the dividend be paid in?

From October 2010 onwards the dividend will be paid in GBP rather than in euros.

How do I get the dividend payment?

The dividend will either be automatically transferred to your bank account or delivered by cheque.

Do you have a scrip dividend option?

From September 2012 there is no longer a scrip dividend option.

What is Phoenix Group’s dividend policy?

The dividend of 21 pence (paid 4 October 2012) represented 50% of the annual dividend.

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© 2015 Phoenix Group Holdings