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On 8 April 2025, UIL Limited agreed with General Provincial Life Pension Fund Limited (GPLPF) to increase its loan facility to £16.0m. All other facility terms, including an annual interest rate of 10.5% and a maturity date of 31 October 2025, remain unchanged. This follows a prior increase to £8.0m in March 2025, from which £7.25m was drawn, with GPLPF holding 78.3% of UIL's ordinary shares.
| Date | 8 Apr 2025 |
| Time | 15:59:44 |
| Category | Miscellaneous |
| ID | 1813E |
8 April 2025
UIL LIMITED
(LEI Number: 213800CTZ7TEIE7YM468)
Loan facility with GPLPF
In the most recent half yearly report of UIL Limited ("UIL" or the "Company"), UIL reported that, as at 31 December 2024, it had a £5.0m loan facility from General Provincial Life Pension Fund Limited ("GPLPF") which matures on 31 October 2025 and bears interest at an annual rate of 10.5%. In March 2025 the facility was increased to £8.0m and £7.25m of the facility has been drawn. GPLPF currently holds 78.3% of UIL's ordinary shares and is therefore a related party for the purposes of DTR 7.3.
UIL has today agreed with GPLPF to increase the loan facility to £16.0m. All other terms of the facility remain unchanged.
Name of contact and telephone number for enquiries:
Charles Jillings
ICM Investment Management Limited
Telephone: 01372 271486