UIL Ltd. — Director's Dealing 2024

Nov 5, 2024

National Storage Mechanism | Additional information

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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