Holding(s) in Company

UIL Limited

23 May 2023

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

BMG917071026

Issuer Name

UIL Limited

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Duncan Saville

City of registered office (if applicable)

Singapore

Country of registered office (if applicable)

Singapore

4. Details of the shareholder

Name	City of registered office	Country of registered office
General Provincial Life Pension Fund Limited	Hamilton	Bermuda
Union Mutual Pension Fund Limited	Hamilton	Bermuda
The Saville Foundation	Hamilton	Bermuda
Permanent Mutual Limited	Hamilton	Bermuda

5. Date on which the threshold was crossed or reached

19-May-2023

6. Date on which Issuer notified

23-May-2023

7. Total positions of person(s) subject to the notification obligation

	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	75.030000	0.000000	75.030000	62908149
Position of previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
BMG917071026		62908149		75.030000
Sub Total 8.A	62908149		75.030000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Duncan Saville	General Provincial Life Pension Fund Limited ("GPLPFL")	65.420000
Duncan Saville	Union Mutual Pension Fund Limited	9.470000
Duncan Saville	Permanent Mutual Lim-ited ("PML")	0.030000
Duncan Saville	The Saville Foundation	0.110000

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

The ultimate parent undertaking of all the entities referred to in box 9 is Somers Isles Private Trust Company Limited ("SIPTCL") as trustee of various trusts of which Mr Saville is the beneficiary. Mr Saville is the owner of SIPTCL. GPLPFL has lent 3,300,000 ordinary shares of the issuer to PML which have been pledged under a security interest agreement related to a loan facility agreement with Bermuda Commercial Bank Limited.

12. Date of Completion

23-May-2023

13. Place Of Completion

Singapore

 

END