REG - UIL Limited UIL Finance Ltd - End of the 2025 Share Liquidity Programme

UILAnnouncement

03/12/2025 07:00

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RNS Number : 9369J  UIL Limited  03 December 2025

3 December 2025

 

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

 

End of the 2025 Share Liquidity Programme

 

The Board of UIL Limited ("UIL" or the "Company") announced on 5 November 2025
the commencement of the 2025 Share Liquidity Programme (the "Programme").
The Programme comprised a facility to purchase in the market, over a four week
period, the Company's ordinary shares of 10p each ("Ordinary Shares") at a
discount of approximately 20% to the most recently announced daily net asset
value ("NAV"), up to a maximum aggregate consideration of £4.0 million and
subject to daily limits.

 

The Board is pleased to report that there was strong shareholder support for
the Programme.  A total of 1,939,098 Ordinary Shares were purchased for
cancellation pursuant to the Programme for an aggregate consideration of
£3.5m.

 

The Programme delivered on the Board's commitment to provide an annual
opportunity for minority shareholders to exit a significant proportion of
their shares at a discount of approximately 20% to NAV in advance of the
proposal to take UIL private in 2028 at a share price close to NAV at that
time.  It is expected that similar share liquidity programmes will operate in
2026 and 2027.  In addition, the Company may also acquire Ordinary Shares in
the market pursuant to the Company's annual general authority to repurchase
shares, subject to available cash resources.

 

 

Name of contact and telephone number for enquiries:

 

Joint Portfolio Manager and Company Secretary

ICM Investment Management Limited / ICM Limited

Charles Jillings / Alastair
Moreton
+44 (0)1372 271486

 

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