UIL Limited (UTL) has announced proposals to issue up to 14 million 2020 ZDP Shares (the “Placing Shares”) to raise up to £17.9 million pursuant to the Placing Programme at a price of 128p per 2020 ZDP Share (the “Placing”). At that placing price the GRY is estimated to be 4.54%. On 18 May 2016, UTL announced detailed proposals to provide holders of existing 2016 ZDP Shares with the opportunity to roll over some or all (subject to the overall limits of the Rollov
01 Jul 2016
Placing of new 2020 ZDP shares, 4.54% GRY
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Placing of new 2020 ZDP shares, 4.54% GRY
UIL Limited (UTL:LON) | 104 -1 (-1.0%) | Mkt Cap: 92.0m
- Published:
01 Jul 2016 -
Author:
Saumya Banerjee -
Pages:
3
UIL Limited (UTL) has announced proposals to issue up to 14 million 2020 ZDP Shares (the “Placing Shares”) to raise up to £17.9 million pursuant to the Placing Programme at a price of 128p per 2020 ZDP Share (the “Placing”). At that placing price the GRY is estimated to be 4.54%. On 18 May 2016, UTL announced detailed proposals to provide holders of existing 2016 ZDP Shares with the opportunity to roll over some or all (subject to the overall limits of the Rollov