REG - Phoenix Group Hldgs abrdn PLC - Holding(s) in Company

Phoenix groupAnnouncement

05/10/2022 09:30

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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  % of voting rights
                                                                            exercised/converted

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