REG - UIL Limited UIL Finance Ltd Utilico Limited 2014 UIL Finance - UTLG Utilico Finance (D) - Holding(s) in Company

UILAnnouncement

23/05/2023 15:30

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RNS Number : 3934A  UIL Limited  23 May 2023

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

BMG917071026

Issuer Name

UIL Limited

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Duncan Saville

City of registered office (if applicable)

Singapore

Country of registered office (if applicable)

Singapore

4. Details of the shareholder

 Name                                          City of registered office  Country of registered office
 General Provincial Life Pension Fund Limited  Hamilton                   Bermuda
 Union Mutual Pension Fund Limited             Hamilton                   Bermuda
 The Saville Foundation                        Hamilton                   Bermuda
 Permanent Mutual Limited                      Hamilton                   Bermuda

5. Date on which the threshold was crossed or reached

19-May-2023

6. Date on which Issuer notified

23-May-2023

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  75.030000                                             0.000000                                                                   75.030000                       62908149
 Position of previous notification (if applicable)

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)
 BMG917071026                                                                          62908149                                                                         75.030000
 Sub Total 8.A                                62908149                                                                              75.030000%

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
 Duncan Saville               General Provincial Life Pension Fund Limited ("GPLPFL")  65.420000
 Duncan Saville               Union Mutual Pension Fund Limited                        9.470000
 Duncan Saville               Permanent Mutual Lim-ited ("PML")                        0.030000
 Duncan Saville               The Saville Foundation                                   0.110000

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

The ultimate parent undertaking of all the entities referred to in box 9 is
Somers Isles Private Trust Company Limited ("SIPTCL") as trustee of various
trusts of which Mr Saville is the beneficiary. Mr Saville is the owner of
SIPTCL. GPLPFL has lent 3,300,000 ordinary shares of the issuer to PML which
have been pledged under a security interest agreement related to a loan
facility agreement with Bermuda Commercial Bank Limited.

12. Date of Completion

23-May-2023

13. Place Of Completion

Singapore

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