REG - UIL Limited UIL Finance Ltd - Publication of monthly factsheet

UILAnnouncement

13/11/2025 12:00

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RNS Number : 4595H  UIL Limited  13 November 2025

13 November 2025

 

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

 

Publication of monthly factsheet

 

The latest monthly factsheet for UIL Limited ("UIL" or the "Company") will
shortly be available through the Company's website at:

https://www.uil.limited/investor-relations/factsheet-archive
(https://www.uil.limited/investor-relations/factsheet-archive)

 

Monthly commentary

 

PERFORMANCE

UIL's net asset value ("NAV") total return was up by 5.9% in October,
outperforming the FTSE All Share total return Index which increased by 3.7%
over the month. Over the last three months UIL's NAV total return was up 26.6%
against the FTSE All Share total return Index of 6.6%.

 

Most markets ended October in positive territory, with notable gains in the US
and Asia, driven primarily by mega-cap tech stocks whilst the broader markets
remained in the shadows. The Federal Reserve cut US interest rates at the end
of the month and the US governmental shutdown continued. The S&P 500 Index
rose 2.3% and the US Dollar appreciated against Sterling by 2.5%.

During October, the FTSE 100 Index was up by 3.9%, the Euro Stoxx Index rose
2.4%, the New Zealand Exchange was up 1.9% and the ASX 200 Index gained 0.4%.

 

Commodity prices were mixed, gold price was up by 3.7% during the month at USD
4,002.92, and copper was up by 4.8%. Nickel was marginally down, 0.2% in
October. Brent Crude oil declined by 2.9% ending the month at USD 65.07.

 

Sterling depreciated 1.2% against the Australian Dollar in October. Conversely
the New Zealand Dollar and the Canadian Dollar appreciated against Sterling by
1.0% and 1.7% respectively during the month.

 

PORTFOLIO UPDATE

UIL's top ten holdings are disclosed on a look through basis, taking into
account the underlying investments of Somers Limited ("Somers") and Zeta
Resources Limited. There was no change to the constituents of the top ten
holdings in October.

 

Resimac's share price declined by 4.0% in October whilst Horizon Gold's share
price was up by 12.5%. Utilico Emerging Markets' share price was up by 0.8%
during the month and Alliance Nickel's share price was up by 11.1%.

 

After the month end, UIL agreed to sell all its 9.3m shares in Somers, based
on Somers' NAV per share of £12.50 as at 31 October 2025. UIL entered into a
sale and purchase agreement with General Provincial Life Pension Fund Limited
("GPLPF") to sell 1.4m Somers shares in settlement of the £17.1m outstanding
loan from GPLPF to UIL. UIL also entered a sale, purchase and buyback
agreement with Somers whereby Somers agreed to repurchase 7.9m Somers shares
held by UIL for an aggregate consideration of £99.0m, to be settled through
the transfer to UIL of certain listed investments at fair value as at 31
October 2025.

 

ORDINARY SHARES

The share price of the ordinary shares ended October unchanged at 147.00p.

 

UIL paid its fourth quarterly interim dividend of 2.00p per ordinary share in
respect of the year ended 30 June 2025, on 24 October 2025 to shareholders on
the register on 3 October 2025.

 

ZDP SHARES

The 2026 ZDP share price increased 0.7% to 140.00p whilst the share price of
the 2028 ZDP shares increased by 0.4% to 122.00p as at 31 October 2025.

 

 

Name of contact and telephone number for enquiries:

 

Charles Jillings

ICM Investment Management
Limited
+44(0)1372 271486

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