Publication of Prospectus re Ordinary Shares
For release on 14 July 2016
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OR INVITATION TO PURCHASE OR ACQUIRE ANY TRANSFERABLE SECURITIES (AS DEFINED IN SCHEDULE 11A OF THE FINANCIAL SERVICES AND MARKETS ACT 2000), NOR SHALL IT FORM THE BASIS OF ANY CONTRACT FOR THE SALE OF ANY INTEREST IN A TRANSFERABLE SECURITY OR A SOLICITATION, INDUCEMENT, ADVICE OR RECOMMENDATION TO EFFECT ANY TRANSACTION OF ANY KIND WHATSOEVER. POTENTIAL INVESTORS SHOULD READ THE RELEVANT PROSPECTUS (WHICH HAS BEEN PUBLISHED FOLLOWING APPROVAL BY THE UK LISTING AUTHORITY) CAREFULLY BEFORE ANY INVESTMENT DECISION IS MADE.
UIL Limited (the "Company")
Publication of Prospectus
UIL Limited announces that it has today published a prospectus, which has been approved by the UK Listing Authority (the "Prospectus"), in connection with the issue of Ordinary Shares to Permanent Investments Limited as consideration for the acquisition of shares in Somers Limited, a related party transaction more fully described in the circular to Shareholders dated 18 May 2016.
As set out in the Prospectus, two of the conditions to Completion under the Sale and Purchase Agreement have already been satisfied. Certain other conditions are outstanding and Completion will occur upon satisfaction of all the conditions (which must occur by not later than 31 December 2016, being the long-stop date for Completion under the Sale and Purchase Agreement).
Following completion of the outstanding conditions to Completion a further announcement will be made.
A copy of the Prospectus will be submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM and on the Company's website: www.uil.limited.
Terms used and not defined in this announcement bear the meaning given to them in the Prospectus to be published today.
For further information please contact:
ICM Investment Management Limited
Charles Jillings 01372 271486
Stockdale Securities Limited
Alastair Moreton/Rose Ramsden 0207 601 6118
This information is provided by RNS
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