BRIEF-Phoenix says 97.65 per cent of new shares have been subscribed

* It had received valid acceptances in respect of 141,322,809 new shares representing 97.65 per cent of the new shares offered pursuant to its rights issue announced on 28 September 2016 to part finance the proposed acquisition of Abbey Life

from Reuters: New Issues News http://www.reuters.com/article/idUSFWN1DA08K?feedType=RSS&feedName=newIssuesNews