Company Announcements

Holding(s) in Company

Source: RNS
RNS Number : 7643B
Phoenix Group Holdings PLC
04 October 2022
 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BGXQNP29

Issuer Name

PHOENIX GROUP HOLDINGS PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

Other

Comments

Clarification of updated position

3. Details of person subject to the notification obligation

Name

Aggregate of abrdn plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios

City of registered office (if applicable)

Edinburgh

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

30-Sep-2022

6. Date on which Issuer notified

04-Oct-2022

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8.A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer

Resulting situation on the date on which threshold was crossed or reached

10.700129

0.000000

10.700129

107,025,201

Position of previous notification (if applicable)

10.709493

0.000000

10.709493


8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)

Number of direct voting rights (DTR5.1)

Number of indirect voting rights (DTR5.2.1)

% of direct voting rights (DTR5.1)

% of indirect voting rights (DTR5.2.1)

GB00BGXQNP29

104,133,008

2,892,193

10.410974

0.289155

Sub Total 8.A

107,025,201

10.700129

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument

Expiration date

Exercise/conversion period

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

 





Sub Total 8.B1




8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument

Expiration date

Exercise/conversion period

Physical or cash settlement

Number of voting rights

% of voting rights

 






Sub Total 8.B2




9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person

Name of controlled undertaking

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

abrdn plc


10.410974

0.000000

10.410974






abrdn plc





abrdn plc

abrdn Investments (Holdings) Limited




abrdn plc

abrdn Investment Management Limited









abrdn plc





abrdn plc

Aberdeen Asset Management PLC




abrdn plc

Aberdeen Asset Managers Limited









abrdn plc





abrdn plc

abrdn Investments (Holdings) Limited




abrdn plc

abrdn Capital Limited




10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

In reference to section 9, the shares detailed are managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients, based on investment management agreements whereby the client has delegated the exercise of the voting power to the referenced investment manager.

This disclosure is to reflect the fact that previous disclosures detailed that none of the voting rights attached to shares were directly held as there was an inter-company delegation agreement which delegated management and voting discretion to one of abrdn plc's underlying investment management entities, abrdn Investment Management Limited. However this delegation agreement has been updated to reflect that abrdn plc directly holds management and voting discretion
for those shares detailed in Sections 8A and 9.

As a consequence of the above, this disclosure reflects the fact that the voting rights held directly by abrdn plc are above the 10% notifiable threshold as at 30 September 2022.

 

As of 30 September 2022, abrdn plc directly holds 10.410974% of the delegated voting rights of the shares in Phoenix Group Holdings PLC.

12. Date of Completion

04-Oct-2022

13. Place Of Completion

Aberdeen, United Kingdom

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