10 Dec 2024 13:00
10 December 2024
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UIL LIMITED
(LEI Number: 213800CTZ7TEIE7YM468)
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Loan from Resimac Group Limited
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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.
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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.
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Name of contact and telephone number for enquiries:
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Charles Jillings
ICM Investment Management Limited
Telephone: 01372 271486
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