UIL Limited Director/PDMR Shareholding - Saville (5497V)
08 August 2020 - 12:50AM
UK Regulatory
TIDMUTL TIDMUTLH TIDMTTM TIDMUTLG TIDMTTM
RNS Number : 5497V
UIL Limited
07 August 2020
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 ("ICM"),
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
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b) LEI
213800CTZ7TEIE7YM468
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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, Ordinary shares of 10p each
type of instrument
Identification code BMG917071026
-------------------------- -------------------------------------------------
b) Nature of the transaction
Changes to shares pledged and/or
loaned by entities related to Mr
Saville. Mr Saville's aggregate interest
in UIL's ordinary shares remains
the same as a result of these changes
and comprises the following holdings:
Holder Shares %
General Provincial
Life Pension
Fund Limited 54,851,533 63.83
----------- ------
Union Mutual
Pension Fund
Limited 4,229,538 4.92
----------- ------
General Provincial
Company Limited 3,150,000 3.67
----------- ------
The Saville
Foundation* 93,750 0.11
----------- ------
Azure Limited
(non beneficial) 11,000 0.01
----------- ------
* As Trustee
Under existing agreements, the following
shares are pledged and/or loaned:
General Provincial Life Pension Fund
Limited ("GPLPFL") has lent 6,000,000
ordinary shares of the Issuer to
Custodial Capital Management Limited
("CCML") which have been pledged
under a security interest agreement
related to a loan facility agreement
with The Royal Bank of Scotland International;
GPLPFL has lent 300,000 ordinary
shares of the Issuer to a third party
which have been pledged under a loan
facility agreement with Bermuda Commercial
Bank Limited; and Union Mutual Pension
Fund Limited ("UMPFL") has lent 2,000,000
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 The Royal
Bank of Scotland International. The
ultimate parent undertaking of GPLPFL,
CCML, 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.
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c) Price(s) and volume(s) Price(s) Volume(s)
N/A N/A
----------
-------------------------- -------------------------------------------------
d) Aggregated information
N/A
- Aggregated volume
- Price
-------------------------- -------------------------------------------------
e) Date of the transaction
6 August 2020
-------------------------- -------------------------------------------------
f) Place of the transaction
Off Market
-------------------------- -------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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