Phoenix Group Holdings PLC — Capital/Financing Update 2018

Apr 13, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 7967K

Phoenix Group Holdings

13 April 2018

FOR IMMEDIATE RELEASE

Announcement of RT1 roadshow with credit investors and update on Standard Life Assurance acquisition

Phoenix Group Holdings ("Phoenix") has mandated HSBC and NatWest Markets as Joint Structuring Co-ordinators and BofA Merrill Lynch, HSBC, J.P. Morgan Cazenove and NatWest Markets, as Joint Lead Managers to arrange a series of investor meetings in Europe and Asia commencing on Monday 16th April. A benchmark issue of USD perpetual non-call 10 year and / or GBP perpetual non-call 10-12 year Restricted Tier 1 ("RT1") write down notes in Reg S registered format will follow, subject to market conditions.

Phoenix expects the notes to be rated BBB- by Fitch.

Further to the announcement of the proposed acquisition of Standard Life Assurance on 23rd February 2018, Phoenix expects to publish a combined circular and prospectus on or around 4th May 2018 and the shareholder vote will follow at a general meeting to be held on 29th May 2018.

Enquiries

Debt Investors:

Rashmin Shah, Group Treasurer, Phoenix

+44 (0) 20 3735 0059

Equity Investors/Analysts:

Claire Hawkins, Head of Investor Relations, Phoenix

+44 (0) 20 3735 0575

Media:

Neil Bennett, Maitland

+44 (0) 20 7379 5151

Disclaimer

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.

The notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail client (as defined in MIFID II). Prospective investors are referred to the section headed "Prohibition on marketing and sales if notes to retail investors" in the Preliminary Prospectus for further information.

Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as the notes are not available to retail investors.

Stabilisation: FCA/ICMA

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRDGGDSUBBBGID