Phoenix Group Holdings PLC — Capital/Financing Update 2014

Jun 24, 2014

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RNS Number : 3615K

Phoenix Group Holdings

24 June 2014

Phoenix Group Holdings announces series of fixed income investor meetings

This announcement is not for release in the United States of America, Canada, Australia, South Africa and Japan or in any other jurisdiction in which offers or sales would be prohibited by applicable law.

At the time of its 2013 full year results announced on 26 March 2014, Phoenix Group Holdings ("Phoenix") announced its intention to access the debt capital markets.

Today, Phoenix announces that it has mandated Citigroup, HSBC, J.P. Morgan Cazenove and Lloyds Bank to arrange a series of fixed income investor meetings in London and Edinburgh, commencing on 25 June 2014.  A Sterling-denominated senior unsecured transaction issued by PGH Capital Limited, a financing subsidiary of Phoenix, may follow, subject to market conditions. FCA / ICMA stabilisation.

Enquiries

Equity Investors:

Sam Perowne, Head of Investor Relations, Phoenix Group

+44 (0) 20 3735 0021

Debt Investors:

Rashmin Shah, Group Treasurer, Phoenix Group

+44 (0) 20 3735 0059

Media:

Neil Bennett, Maitland

Peter Ogden, Maitland

+ 44 (0) 20 7379 5151

Notes

Phoenix is the UK's largest specialist consolidator of closed life funds with over 5 million policyholders as at 31 December 2013.

Disclaimer

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, securities to any person in the United States or in any other jurisdiction. Any securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act") or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.  No offer or sale of any securities referred to herein has been or will be registered under the Securities Act.  There will be no public offer of any such securities in the United States.

This announcement is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

This announcement does not constitute and shall not, in any circumstances, constitute a public offering nor an invitation to the public in connection with any offer within the meaning of the Directive 2010/73/EU of the Parliament and Council of November 4, 2003 as implemented by the Member States of the European Economic Area (the "Prospectus Directive"). Any offer and sale of the notes will be made pursuant to an exemption under the Prospectus Directive, as implemented in Member States of the European Economic Area, from the requirement to produce a prospectus for offers of securities.

This communication is directed only at persons who (i) are outside the United Kingdom or (ii) have professional experience in matters relating to investments or (iii) are persons falling within Article 49 (2(a) to (d) ("high net worth companies, unincorporated associations etc") of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.

This information is provided by RNS

The company news service from the London Stock Exchange

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