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Uil Finance Ltd Zero Div Pfd Registered Shs 2018-31.10.26
Sep 25, 2025 at 2:29 PM UTC
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ELI5

Loan from Resimac Group Limited

25 September 2025

 

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

 

Loan from Resimac Group Limited

 

UIL Limited ("UIL") announces that it has today entered into a A$15 million loan facility with Resimac Group Limited ("Resimac"), a leading non-bank lender listed on the ASX.  Resimac is a subsidiary of Somers Limited ("Somers") while UIL owns 31.6% of Resimac (both through shares held directly by UIL and indirectly through Somers). Resimac is therefore considered an associated undertaking and related party for the purposes of DTR 7.3.

 

The loan, which will be drawn down in full and used for general corporate purposes, has an interest rate of 8.0% per annum and is repayable on 27 December 2025, unless extended.

 

Name of contact and telephone number for enquiries:

 

Charles Jillings

ICM Investment Management Limited

Telephone: 01372 271486