Business
End of the 2025 Share Liquidity Programme
UIL Limited has successfully concluded its 2025 Share Liquidity Programme, purchasing 1,939,098 ordinary shares for cancellation at an aggregate consideration of £3.5 million, which represented a discount of approximately 20% to the net asset value. This initiative fulfilled the company's commitment to offer minority shareholders an exit opportunity ahead of the planned 2028 privatization at a price near net asset value. UIL intends to continue similar liquidity programmes in 2026 and 2027, and may also conduct further market share repurchases subject to available cash. Disclaimer*
About this update from Uil Finance Ltd Zero Div Pfd Registered Shs 2018-31.10.26
[{"type":"text","content":"\n\n3 December 2025\n \nUIL LIMITED\n(LEI Number: 213800CTZ7TEIE7YM468)\n \nEnd of the 2025 Share Liquidity Programme\n \nThe 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. \n \nThe 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.\n \nThe 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.\n \n \nName of contact and telephone number for enquiries:\n \nJoint Portfolio Manager and Company Secretary\nICM Investment Management Limited / ICM Limited\nCharles Jillings / Alastair Moreton +44 (0)1372 271486\n \n\n","length":3210,"tagName":"div"}]
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