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UIL Limited (UIL) has today, 18 June 2025, agreed with General Provincial Life Pension Fund Limited (GPLPF) to increase its loan facility from £16.0m to £24.0m. UIL has currently drawn £13.3m of the facility, which matures on 31 October 2025 and bears interest at an annual rate of 10.5%. GPLPF, which holds 78.5% of UIL's ordinary shares, maintains all other facility terms as unchanged.
| Date | 18 Jun 2025 |
| Time | 15:49:41 |
| Category | Miscellaneous |
| ID | 4470N |
18 June 2025
UIL LIMITED
(LEI Number: 213800CTZ7TEIE7YM468)
Loan facility with GPLPF
As referred to in the announcement on 8 April 2025, UIL Limited ("UIL") has a £16.0m loan facility from General Provincial Life Pension Fund Limited ("GPLPF"). Since GPLPF holds 78.5% of UIL's ordinary shares it is therefore classified as a related party for the purposes of DTR 7.3. UIL has currently drawn £13.3m of the facility, which matures on 31 October 2025 and bears interest at an annual rate of 10.5%.
UIL has today agreed with GPLPF to increase the loan facility to £24.0m. 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