Last checked at 23 May 2023 15:28
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