UKML Uk Mortgages Limited

 
TIDMUKML 
 
UK Mortgages Limited 
 
(A closed-ended investment company incorporated in Guernsey with registration 
number 60440) 
 
Update on Third Transaction 
 
3 January 2017 
 
The Board of UK Mortgages Limited ("UKML") and TwentyFour Asset Management LLP 
("TwentyFour") are pleased to announce that following extensive work both 
before and during the Christmas period, terms have been agreed and signed for 
the purchase of the existing pool of mortgages discussed in the Company's 
announcement dated 7 December 2016. If completed, this transaction will be 
UKML's third transaction and will deploy the remaining investible capital. 
 
Given the advanced nature of the negotiations, the expectation is that the 
transaction will be completed early in 2017, following the finalisation of 
certain pre-acquisition diligence, documentation and financing arrangements. 
 
More details will be made available once the transaction is completed, but the 
expectation is that this transaction will generate a gross IRR for UKML in 
excess of 8%* from the date of purchase. 
 
Further information 
 
TwentyFour Asset Management LLP 
Ben Hayward 
Rob Ford 
Douglas Charleston 
Silvia Piva 
020 7015 8900 
 
Numis Securities Limited, Corporate Broker 
Hugh Jonathan 
Nathan Brown 
020 7260 1000 
 
* TwentyFour's estimate of the potential total return for this investment is 
based on certain scenario and other assumptions. This and any other references 
herein to potential future returns or distributions are targets or estimates 
and there can be no guarantee or assurance that they will be achieved. 
 
 
 
END 
 

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January 03, 2017 02:00 ET (07:00 GMT)

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