UIL Finance Limited
Redemption of 2016 ZDPs
UIL Finance Limited (the 'Company') announces that in advance of the redemption of the Company's zero dividend preference shares of 10p each due for redemption on 31 October 2016 (the '2016 ZDPs'), the listing of the 2016 ZDPs will be suspended from 7.30am on Friday 28 October 2016.
Redemption proceeds will be paid to shareholders of the 2016 ZDPs whose names appear on the register as at the close of business on Thursday 27 October 2016 (the 'Record Date') and settlement of the redemption monies will occur on 31 October 2016 (the 'Redemption Date').
For 2016 ZDPs held in uncertificated form, CREST accounts will be credited with the redemption monies on the Redemption Date. For 2016 ZDPs held in certificated form, cheques in respect of the redemption monies will be issued by first class post on the Redemption Date.
The Company also announces that an application has been made to the UK Listing Authority and the London Stock Exchange ('LSE') for the 2016 ZDPs to be cancelled from the Official List and from trading on the LSE with effect from 8.00am on Tuesday 1 November 2016.
For further information please contact:
ICM Investment Management Ltd
Stockdale Securities Limited
Alastair Moreton/Rose Ramsden
020 7601 6110
This information is provided by RNS