UIL Limited Acquires Subsidiary’s ZDP Shares

UIL Ltd (GB:UTL) has released an update.

UIL Limited has announced the strategic acquisition of 20,000 of its 2028 Zero Dividend Preference Shares (ZDP Shares) at a price of 97.00 pence each, from its subsidiary UIL Finance Limited, to be held as investments. The repurchase does not alter the total number of ZDP Shares in issue, which stands at 25 million. This move reflects the company’s investment strategy and commitment to its financial instruments.

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