Publication of monthly factsheet
Summary by AI BETAClose X
12 November 2026
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
Monthly commentary
PERFORMANCE
UIL’s net asset value (“NAV”) total return increased by 7.3% in October, whilst the FTSE All Share Total Return Index was up 1.1%.
During the month, the ASX 200 Index was up by 1.4% and the FTSE 100 Index rose by 1.2%. The Euro Stoxx Index decreased 2.2% in October and the S&P 500 Index was down by 0.9%.
Commodity markets were negative during the month, with the exception of Brent crude oil which was up by 13.6%. The gold price decreased by 6.8%, closing the month at USD 3,875, and nickel was down by 4.1% at the end of October.
Sterling strengthened against the Euro, New Zealand Dollar and US Dollar, up by 2.6%, 1.0% and 0.8% respectively. However, Sterling was weaker against the Australian Dollar and Canadian Dollar, depreciating 0.3% and 0.9% respectively in the month.
PORTFOLIO UPDATE
UIL’s top ten holdings are disclosed on a look through basis, taking into account the underlying investments of Zeta Resources Limited. There was one change to the constituents of the top ten holdings during the month with Mimosa Resources being replaced by the 2028 ZDP shares which UIL holds as an investment.
W1M’s continued strong operating performance led to its valuation increasing by a further 19.2%. Following the repayment of the 2026 ZDP shares, which reduced gross assets, W1M now represents 29.7% of the Company’s gross assets.
Horizon Gold, Resimac and Alliance Nickel saw their share prices increase by 1.9%, 1.3% and 12.0% respectively, whilst the share prices of Utilico Emerging Markets Trust plc, WT Financial Group and MoneyMe Limited all declined by 4.3%, 6.7% and 10.8% respectively.
ORDINARY SHARES
UIL’s ordinary share price was 213.00p, an increase of 4.4% during the month. The discount to NAV widened from 23.6% to 25.7% as at 31 October 2026.
ZDP SHARES
The 2026 ZDP shares were redeemed on 30 October 2026 and the capital repayment amount for the 2026 ZDP shares was 151.50p per share. The 2026 ZDP shares were cancelled from the Official List and from trading on the London Stock Exchange on 3 November 2026.
The 2028 ZDP share price was up by 0.4% ending the month at 133.00p. UIL sold in the market 1.1m 2028 ZDP shares issued by its subsidiary, UIL Finance, at an average price of 133.11p per 2028 ZDP share. Following these sales, UIL holds 3.9m 2028 ZDP shares as at 31 October 2026.
Following the redemption of the 2026 ZDP shares, the 2028 ZDP cover increased significantly from 3.52x to 4.87x. Based on the market price of 133.00p at month end, the gross redemption yield of the 2028 ZDP shares is 7.0%.
GEARING
During the month, UIL drew down £9.8m under the loan facility provided by General Provincial Life Pension Fund Limited. Following the 2026 ZDP redemption, UIL’s gearing has now reduced to 20.8% as at 31 October 2026 from 28.6% as at 30 September 2026.
Name of contact and telephone number for enquiries:
Charles Jillings
ICM Investment Management Limited +44(0)1372 271486
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 37 minutes ago M&G
- 50 minutes ago AJ Bell
- 50 minutes ago Pembroke Vct B
- 1 hour ago FirstGroup
- 1 hour ago Kainos Group