Result of SGM 10 June 2016

RNS Number : 8954A

UIL Limited

10 June 2016

 

10 June 2016                                                          

UIL LIMITED

RESULT OF THE SPECIAL GENERAL MEETING

UIL Limited (the "Company") held a Special General Meeting of its shareholders on 10 June 2016.

The resolution proposed at the meeting relating to the authorisation to make the Proposed Investment (as defined in the circular to the Company's shareholders dated 18 May 2016, (the "Circular") on the terms described in the Circular, as set out in the Notice of Meeting (a copy of which is available at http://www.uil.limited/investor-relations/other-documents/ ) was passed on a show of hands.

The proxy voting figures received in advance of the meeting are shown below.

Resolution: Authorisation to make the Proposed Investment

	Number	%
Votes for/discretionary	63,420,363	99.81
Votes against	123,404	0.19
Total votes cast	63,543,767
Votes withheld	6,355,259

The first of the conditions in the Sale and Purchase Agreement (as described in the Circular) has therefore been satisfied. The Proposed Investment remains conditional, inter alia, on the FCA having approved the increase in the Company's indirect interest, arising from the Proposed Investment, in the various companies in which Somers is interested and that are authorised and regulated by the FCA. A further announcement will be made in due course.

All terms not defined in this announcement shall have the meaning set out in the Circular.

For further information please contact:

ICM Investment Management Limited

Amanda Marsh                                                                                           01372 221597

Stockdale Securities Limited

Alastair Moreton/Rose Ramsden                                                      0207 601 6118

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