UK Mortgages Ltd Results of February Tender Offer Elections

 
TIDMUKML 
 
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, 
RELEASE OR DISTRIBUTION (IN WHOLE OR IN PART) DIRECTLY OR INDIRECTLY IN OR INTO 
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE 
RELEVANT LAWS OF THAT JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A 
TAKEOVER OFFER OR AN OFFER OF SECURITIES. 
 
Capitalised terms used in this Announcement, unless otherwise defined, have the 
same meanings as set out in the Circular. 
 
24 March 2021 
 
                             UK MORTGAGES LIMITED 
 
 (a closed-ended investment company incorporated in Guernsey with registration 
                    number 60440) LEI 549300388LT7VTHCIT59 
 
                  Results of February Tender Offer Elections 
 
Results of the February Tender Offer 
 
The Company announces that a total of 83,905,269 Shares, being 36.14% of the 
Company's Shares in issue as at the February Tender Offer Record Date (being 
6.00 p.m. on 23 March 2021), were validly tendered under the February Tender 
Offer. As a result, the February Tender Offer was oversubscribed. The Basic 
Entitlement of all Shareholders who have validly tendered their Shares will be 
accepted in full and excess tenders will be satisfied to the extent of 
approximately 12.5% of the excess Shares tendered. 
 
A total of 26,666,666 Shares will be repurchased by the Company under the 
February Tender Offer and cancelled. 
 
Following the implementation of this tender, the Company will have 205,466,222 
Shares in issue. Accordingly, the total number of Shares with voting rights in 
the Company will be 205,466,222 and this figure may be used by Shareholders as 
the denominator for the calculations by which they will determine if they are 
required to notify their interest in, or a change to their interest in, the 
Company under the Disclosure Guidance and Transparency Rules. 
 
Expected Timetable 
 
Cheques dispatched and payments through CREST made and 
CREST                                31 March 2021 
accounts settled 
 
Balancing share certi?cates dispatched 
                                                       week beginning 31 March 
2021 
 
Notes: 
1. References to times above and in the Circular generally are to London time 
unless otherwise specified. 
2. All times and dates in the expected timetable and in the Circular may be 
adjusted by the Company. Any changes to the timetable will be notified via an 
RIS 
 
 
Enquiries: 
UK Mortgages Limited 
Christopher Waldron (Chairman)               020 7260 1000 
Numis Securities Limited, Financial Adviser and Corporate Broker 
Hugh Jonathan                                           020 7260 1000 
Nathan Brown 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 24, 2021 06:57 ET (10:57 GMT)