UIL Limited Net Asset Value(s) (3205P)

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RNS Number : 3205P

UIL Limited

30 August 2017

 
 Below is shown the net asset value per 
  share for 
 UIL Limited                                        22-Aug-17 
 
 NAV per share (at bid market values) 
  in GBP sterling with prior charges at 
  nominal value 
                                                        pence 
 
 Ordinary Shares 
 
 Net Asset Value - ex income                           259.31 
 Net Asset Value - cum income                          261.43 
 
 Ordinary Shares - Listing Category: Premium 
  - Equity Closed-ended Investment Funds 
 
 
 Below is shown the accrued capital entitlement 
  of the Zero Dividend Preference Shares 
 
                                                        pence 
 
  2018                                                 147.68 
  2020                                                 123.89 
  2022                                                 107.31 
 
 All Zero Dividend Preference Shares - Listing Category: 
  Standard - Shares 
 

The Net Asset Values as at 22 August 2017 take into account a reduced value for UIL Limited's 39.8% investment in Vix Technology Limited ("VixTech"). VixTech is an unlisted, integrated payment solutions company. The GBP18 million (approximately 20p per share) reduction in value reflects the recent upgrade in its technology platform but conversely this has led to a deferral of current project implementation with consequent weaker trading. The reduction in the valuation of VixTech will also be reflected in UIL Limited's report and accounts for the year ended 30 June 2017 which is due to be announced in mid-September.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 30, 2017 07:31 ET (11:31 GMT)