RNS Number : 0278L
UIL Limited
05 November 2024
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

 

Duncan Saville

2

 

Reason for the notification

 

a)

 

Position/status

 

 

 

Director of ICM Limited, Joint Portfolio Manager of UIL Limited

 

b)

 

Initial notification /Amendment

 

 

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

 

UIL LIMITED

b)

 

LEI

 

 

 

213800CTZ7TEIE7YM468

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of 10p each

 

 

BMG917071026

b)

 

Nature of the transaction

 

 

 

General Provincial Life Pension Fund Limited  ("GPLPFL") and Union Mutual Pension Fund Limited ("UMPFL") have merged, with GPLPFL being the continuing entity.  As a result, all of the ordinary shares of the issuer that were owned by UMPFL are now owned by GPLPFL.

 

Mr Saville's aggregate interest in UIL Limited's ordinary shares is unchanged as a result of this transaction and comprises the following holdings:

 

Holder

Shares

%

General Provincial Life Pension Fund Limited

72,883,836

78.15

The Saville Foundation*

93,750

0.10

Permanent Mutual Limited (non beneficial)

25,000

0.03

* As Trustee

 

Under existing agreements GPLPFL has lent 3,641,000 ordinary shares of the issuer to Permanent Mutual Limited ("PML") which have been pledged under a security interest agreement related to a loan facility agreement with Bermuda Commercial Bank Limited.

 

The ultimate parent undertaking of GPLPFL, UMPFL and PML 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.

 

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

n/a

 

 

n/a

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

N/A

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

 

1 November 2024

f)

 

Place of the transaction

 

 

 

Off Market

 

 

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END
 
 
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