On 28 September, UIL Ltd (UTL) released details of its plans to create a new class of 2024 ZDP. The aim of this new issue is primarily to provide holders of the existing 2018 ZDP the opportunity to rollover some or all of their 2018 ZDP shares into the new 2024 ZDPs (subject to overall limits on the Rollover Offer). With an issue price of 100p, a new class of up to 30 million 2024 ZDP Shares will offered for rollover at a GRY of 4.75% with a final capital entitlement of 138.35p on 31 October
29 Sep 2017
Placing of new 2024 ZDP shares, 4.75% GRY
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Placing of new 2024 ZDP shares, 4.75% GRY
UIL Limited (UTL:LON) | 108 1.1 0.9% | Mkt Cap: 95.1m
- Published:
29 Sep 2017 -
Author:
Saumya Banerjee -
Pages:
4
On 28 September, UIL Ltd (UTL) released details of its plans to create a new class of 2024 ZDP. The aim of this new issue is primarily to provide holders of the existing 2018 ZDP the opportunity to rollover some or all of their 2018 ZDP shares into the new 2024 ZDPs (subject to overall limits on the Rollover Offer). With an issue price of 100p, a new class of up to 30 million 2024 ZDP Shares will offered for rollover at a GRY of 4.75% with a final capital entitlement of 138.35p on 31 October