Loan from Resimac Group Limited

UIL Limited

10 December 2024

 

10 December 2024

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

Loan from Resimac Group Limited

UIL Limited ("UIL") announces that it has today entered into a A$11 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 31.1% 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 10.0% per annum and is repayable on 31 March 2025, unless extended.

Name of contact and telephone number for enquiries:

Charles Jillings

ICM Investment Management Limited

Telephone: [phone]

 

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