Phoenix Group Holdings Share Price (PHNX)

Possible, yes, but not really feasible. daily volume averages about 1.3m shares. Broadly speaking, if you don't want to move a share price on a given day, you want to be less than 25% of the volume. This will take the be best part of 10 months, and I suspect the effect of selling 25% of daily volume every day for 10 months would still move the price against you ultimately. So, getting the whole lot away for a 3% discount is actually pretty impressive. You often see discounts of 5-10% when selling such a large stake.

Matt..., Couldn't they have slowly dripped their sale into the market albeit rns reporting ownership changes? I realise the 6.6% is a high volume and may warrant a discount, however the current sp shows that the sale didn't have that negative impact on the sp.

Not really clued - you're always going to have to accept a discount when selling that amount of the Company. I think the share price would have fallen much further had they attempted to sell in the market, and ultimately, I think they would have achieved a lower selling price overall.

Shows how good SwissRe are, selling at 664p when current sp gives £0.85m more !!

Swiss Re were always going to sell out as part of their exit from U.K. life run off market so getting them out is a positive development.