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Redemption of 2020 ZDP Shares - Update

29 Oct 2020 08:40

RNS Number : 6062D
UIL Limited
29 October 2020
 

29 October 2020

 

UIL FINANCE LIMITED

(LEI Number: 213800JPJWZ5P3QJX538)

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

 

Redemption of 2020 ZDP Shares - Update

 

Further to the announcement on 13 October 2020, UIL Finance Limited (the "Company") announces that the London Stock Exchange this morning enacted a halt in trading in the Company's zero dividend preference shares of 6.0514p each due for redemption on 31 October 2020 ("2020 ZDP Shares") as planned.

 

The Company also announces that £60.4m (representing the redemption price of 154.9p per 2020 ZDP Share in respect of the 39.0m 2020 ZDP Shares in issue) has been transferred to the Company's registrars and CREST agent, Computershare Investor Services PLC. This will enable settlement of redemption monies on Friday 30 October 2020, being the business day prior to the date of redemption, to holders of 2020 ZDP Shares whose names appear on the register as at the close of business on Wednesday 28 October 2020.

 

For 2020 ZDP Shares held in uncertificated form, CREST accounts will be credited with the redemption monies on 30 October 2020 and for 2020 ZDP Shares held in certificated form, cheques in respect of the redemption monies will be sent out by first class post.

 

 

Name of contact and telephone number for enquiries:

 

Charles Jillings, Alastair Moreton

ICM Investment Management Limited

Telephone: 01372 271486

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MSCEAPENADXEFEA
Date   Source Headline
29th Oct 20208:40 amRNSRedemption of 2020 ZDP Shares - Update
13th Oct 20202:28 pmRNSRedemption of 2020 ZDP Shares
24th Apr 20188:03 amRNSResult of Issue of 2026 ZDP Shares
23rd Mar 20184:01 pmRNSPublication of Prospectus - 2026 ZDPs
30th Oct 20177:00 amRNSResult of Placing of 2024 ZDP Shares
28th Sep 201712:20 pmRNSPublication of a Prospectus - 2024 ZDPs
8th Jul 20167:00 amRNSResult of placing of 2020 ZDP Shares

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