Director/PDMR Shareholding - Saville
Source: RNS
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Duncan Saville |
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2
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Reason for the notification
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a)
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Position/status
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Director of ICM Limited, Joint Portfolio Manager of UIL Limited
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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UIL LIMITED |
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b)
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LEI
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213800CTZ7TEIE7YM468 |
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 10p each
BMG917071026 |
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b)
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Nature of the transaction
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General Provincial Life Pension Fund Limited ("GPLPFL") and Union Mutual Pension Fund Limited ("UMPFL") have merged, with GPLPFL being the continuing entity. As a result, all of the ordinary shares of the issuer that were owned by UMPFL are now owned by GPLPFL.
Mr Saville's aggregate interest in UIL Limited's ordinary shares is unchanged as a result of this transaction and comprises the following holdings:
* As Trustee
Under existing agreements GPLPFL has lent 3,641,000 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 Bermuda Commercial Bank Limited.
The ultimate parent undertaking of GPLPFL, 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)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price
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N/A
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e)
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Date of the transaction
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1 November 2024 |
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f)
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Place of the transaction
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Off Market
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