End of the 2025 Share Liquidity Programme

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                                                           [phone]

 

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