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PHNX Phoenix Group Holdings Plc

550.60
8.40 (1.55%)
Last Updated: 13:33:42
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Group Holdings Plc LSE:PHNX London Ordinary Share GB00BGXQNP29 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.40 1.55% 550.60 550.60 550.80 550.60 541.20 544.20 1,578,925 13:33:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Life Insurance -34.59B -1.83B -1.8270 -3.00 5.5B
Phoenix Group Holdings Plc is listed in the Life Insurance sector of the London Stock Exchange with ticker PHNX. The last closing price for Phoenix was 542.20p. Over the last year, Phoenix shares have traded in a share price range of 436.40p to 600.60p.

Phoenix currently has 1,001,100,000 shares in issue. The market capitalisation of Phoenix is £5.50 billion. Phoenix has a price to earnings ratio (PE ratio) of -3.00.

Phoenix Share Discussion Threads

Showing 2726 to 2748 of 10100 messages
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DateSubjectAuthorDiscuss
30/5/2018
13:43
Sure to be an FTSE 100 company.
hvs
30/5/2018
13:37
@gary - Think you've forgotten the Acquisition shares to be issued to Standard Life upn completion of the acquisition. These are in addition to the Rights Issue shares.

See pg69 of the Prospectus/Circular...



Number of Shares in issue at the date of this document = 393,262,255
Number of New Shares to be issued by the Company [under the Rights Issue] = 183,522,385
Number of Shares in issue immediately following completion of the Rights Issue = 576,784,640

Number of Acquisition Shares to be issued [to Standard Life] = up to 144,106,049
Number of Shares in issue immediately following Re-admission = 720,890,689

speedsgh
30/5/2018
12:11
jonwig,With the new total of shares in issue after the RI of 576,782,385 PHNX shares dividend by 338M gives a dividend of 58.6p by my calculations ? But PHNX are giving a 4.3% increase in the dividend which would amount to 52.36p ?
garycook
30/5/2018
09:45
Thank you jonwig.

Think this is a very good good share to hold over next few years.

hvs
30/5/2018
09:05
hvs -

"The New Shares, when issued and fully paid, will rank pari passu in all respects with the Existing Shares, including the right to receive dividends or distributions made, paid or declared after the date of this announcement."

jonwig
30/5/2018
08:46
Jonwig you were spot on. Will the rights shares be paid the next divi in September ? Anyone know ? Thank you for your thoughts.
hvs
30/5/2018
08:03
Abridged expected timetable of principal events

2018(1)(2)

Publication and posting of the Circular and Prospectus, the Notice of General Meeting, the Form of Proxy and the Form of Instruction............................................30 May

Latest time and date for receipt of General Meeting Forms of Instruction.......................................11.00 a.m. on 21 June

Latest time and date for receipt of General Meeting Forms of Proxy 11.00 a.m. on 22 June

Rights Issue Record Date...................................................6.00 p.m. on 22 June

Standard Life Aberdeen general meeting..............................11.00 a.m. on 25 June

General Meeting...............................................................11.00 a.m. on 25 June

Despatch of Provisional Allotment Letters (to Qualifying Non‑CREST Shareholders only(3))..................................... 25 June

Admission........................................8.00 a.m. on 26 June

Dealings in New Shares, nil paid, commence on the LSE.......8.00 a.m. on 26 June

Latest time and date for requesting Cashless Take-up or disposal of rights using the Special Dealing Service............3.00 p.m. on 2 July

Latest time and date for acceptance and payment in full and registration of renounced Provisional Allotment Letters..11.00 a.m. on 9 July

Results of the Rights Issue to be announced through a Regulatory Information Service........................................By 8.00 a.m. on 10 July

Dealings in New Shares, fully paid, commence on the LSE....8.00 a.m. on 10 July

Latest time and date for dealings in the Shares...................4.30 p.m. on the date prior to the date of Completion

Expected date of Completion...........................................On or before 31 December 2018 (but not before 31 August 2018)

Cancellation of listing of the Shares.................................Immediately prior to 8.00 a.m. on the date of Completion

Re-admission................................................................8.00 a.m. on the date of Completion

Notes:

(1) The times and dates set out in the expected timetable of principal events above and mentioned throughout the Circular and Prospectus, by announcement through a Regulatory Information Service, and in the Provisional Allotment Letter may be adjusted by the Company, in which event details of the new dates will be notified to the UKLA and to the LSE and, where appropriate, to Shareholders.

(2) References to times in this announcement are to London time unless otherwise stated.

(3) Subject to certain restrictions relating to persons with registered addresses in, or who are citizens, residents or nationals of jurisdictions outside the United Kingdom.

skinny
30/5/2018
07:38
Yes, a bit weird but not the first time I've seen that important date omitted.
miti 1000
30/5/2018
07:09
Looks like it - record date is the 22nd.
stun12
30/5/2018
07:01
miti - it doesn't say! But the nil-pd are admitted on 26 June, so I'd guess xr is the 22nd.
jonwig
30/5/2018
06:31
ex rights date ?
miti 1000
30/5/2018
06:09
7-for-15 at 518p, not far from the 1-for-2 a few of us were suggesting:



Record date 22/06, money wanted by 09/07.

Of course, the reason why SLA will get its stake shares cheaper than the rights is that its a seaparate transaction, not part of the RI.

jonwig
28/5/2018
07:07
Oops! Apologies jonwig.... Not sure how I missed them but I managed to obviously skip them somehow. You never know, it may be in the prospectus, and if not the company should be able to answer if an e-mail is sent to the appropriate place surely? Depends how good PHNX are at investor relations. I haven't tried contacting them so far so have no idea!
lauders
28/5/2018
06:21
@ Lauders - your posts re the M&S BPA were not remarked on because this had already been discussed in posts #2712 to #2715.

I'm still in the dark about how much money has been paid by whom to whom for this transaction. According to some other articles, the M&S scheme has £10bn of liabilities, and it has now insured about £0.9bn with Aviva and £0.5bn with Phoenix.

Logically, as has already been pointed out, the M&S scheme should pay a premium to the two insurers, but I can't find any figure for what that might be.

I doubt it will be in tomorrow's prospectus!

jonwig
23/5/2018
12:35
Guess this wasn't worth an RNS:

17 May 2018

Phoenix completes £470 million bulk annuity with the Marks and Spencer Pension Scheme

lauders
22/5/2018
08:49
Daniella Westbrook.....
fenners66
22/5/2018
07:52
Eh ??? Whats a munter ????

We shall see this much higher by the end of the year.

hvs
21/5/2018
17:50
Most of the munters who didn't wanna take part in the fund raising have cleared off I guess so theres no stale bulls and grumpy beard left. In english please?
my retirement fund
21/5/2018
11:32
Yet another purchase from M+S

Justin Grainger, head of bulk purchase annuities at Phoenix, said: "We announced our intention to enter this market in 2017 as it offers an additional and complementary source of growth for Phoenix. We look forward to building our relationship further with Marks & Spencer and helping protect the security of their members' benefits."

hvs
21/5/2018
10:46
Nice to see.

Enjoy !!!!

hvs
21/5/2018
10:34
Just gone vertical - not complaining - but why
fenners66
18/5/2018
08:06
Interesting article on the global life insurance industry with contribution by Phoenix CEO, Clive Bannister...

The life-insurance industry is in need of new vigour -

speedsgh
18/5/2018
07:05
@ ianood - yes, that's the logic. Thanks for confirming. Wasn't worth an RNS, then!
jonwig
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