Portfolio update

RNS Number : 6687U
UIL Limited
29 March 2023
 

29 March 2023

 

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

 

Portfolio update

 

UIL Limited ("UIL" or "the Company") announces that, on 28 March 2023, it sold its entire holdings of 7.2m shares in AssetCo plc and 6.8m shares in BNK Banking Corporation Limited at the market prices of £0.62 and A$0.41 per share, respectively, to UIL's financial services investment platform and associated undertaking, Somers Limited.

 

The net proceeds of £5.8m will be applied towards the reduction of the Company's facility with the Bank of Nova Scotia, London Branch which reduces to £37.5m from £50.0m on 30 March 2023.

 

 

Name of contact and telephone number for enquiries:

 

Charles Jillings

ICM Investment Management Limited

Telephone: 01372 271486

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