Net Asset Value(s)

RNS Number : 3205P

UIL Limited

30 August 2017

 

Below is shown the net asset value per share for
UIL Limited		22-Aug-17
NAV per share (at bid market values) in £ sterling with prior charges at nominal value
		pence
Ordinary Shares
Net Asset Value - ex income		259.31
Net Asset Value - cum income		261.43
Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds
Below is shown the accrued capital entitlement of the Zero Dividend Preference Shares
		pence
2018		147.68
2020		123.89
2022		107.31
All Zero Dividend Preference Shares - Listing Category: Standard - Shares

The Net Asset Values as at 22 August 2017 take into account a reduced value for UIL Limited's 39.8% investment in Vix Technology Limited ("VixTech"). VixTech is an unlisted, integrated payment solutions company. The £18 million (approximately 20p per share) reduction in value reflects the recent upgrade in its technology platform but conversely this has led to a deferral of current project implementation with consequent weaker trading. The reduction in the valuation of VixTech will also be reflected in UIL Limited's report and accounts for the year ended 30 June 2017 which is due to be announced in mid-September.

 

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