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29 Mar 2023 16:37
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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