UIL Ltd.

Declaration of Voting Results & Voting Rights Announcements • Oct 9, 2019

National Storage Mechanism | Additional information

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RNS Number : 3281P

UIL Limited

09 October 2019

9 October 2019

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

Results of Special General Meeting

The Board of UIL Limited ("UIL" or the "Company") is pleased to announce the results of the Special General Meeting which was held earlier today.  As announced on 16 September 2019, the Special General Meeting had been convened in relation to the transfer of UIL's Ordinary Shares to the Specialist Fund Segment.

The Resolution, which was subject to approval being obtained from not less than: (i) 75 per cent. of all Shareholders; and (ii) as the Company has a controlling shareholder, a simple majority of the Independent Shareholders, was passed by way of a poll.  The results of the poll were as follows:

RESOLUTION - THAT the listing of the Company's Ordinary Shares on the Premium Segment and their admission to trading on the Main Market be cancelled and application be made for admission of such Ordinary Shares to the Specialist Fund Segment.

	Votes For	Votes Against	Withheld
All Shareholders	69,394,358    (99.98%)	12,132    (0.02%)	24,431
Independent Shareholders	7,134,537    (99.83%)	12,132     (0.17%)	24,431

The Company will now apply to cancel the listing of its Ordinary Shares on the Premium Segment of the Official List and to trading on the Main Market and will seek admission of its Ordinary Shares to trading on the Specialist Fund Segment of the London Stock Exchange.

It is expected that the last day of dealings in the Ordinary Shares on the Main Market will be 6 November 2019 and the Proposed Cancellation and Transfer will take effect at 8.00 a.m. on 7 November 2019, being not less than 20 Business Days from the passing of the Resolution. Accordingly, admission of the Ordinary Shares to trading on the Specialist Fund Segment is expected to take place, and dealings in Ordinary Shares are expected to commence on the Specialist Fund Segment, at 8.00 a.m. on 7 November 2019.

Terms used and not defined in this announcement bear the meaning given to them in the Circular published on 16 September 2019.

A copy of the Resolution passed at the Special General Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm.

Name of contact and telephone number for enquiries:

Alastair Moreton

For and on behalf of ICM Limited, Secretary

Telephone: 01372 271486

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