UIL - Edison Group

Overview
Price performance
Financials
Research
Thematics

UIL’s objective is to maximise shareholder returns by identifying and investing in investments worldwide where the estimated underlying value is not fully recognised. The company’s investment performance is benchmarked against the broad UK equity market. UIL is a member of the AIC flexible investment sector.

Latest Insights

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audiovisual

05.11.24

UIL in 60 seconds

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Review

22.10.24

UIL — Working towards a 2028 privatisation

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Flash note

09.10.24

UIL — Announcement of 2028 privatisation plans

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podcast

24.06.24

Uncovering Trusts – UIL (UTL)

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Sector

Investment Companies

Equity Analyst

Mel Jenner

Director, Investment Trusts

Key Management

Alastair Moreton

Company Secretary
Charles Jillings

Fund Manager
Duncan Saville

Fund manager

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	10.3	9.2	(3.9)
Relative	13.9	12.7	(11.2)
52 week high/low	132.0p/96.0p

Overview

On 8 October 2024, UIL Limited (UIL) announced plans to take the company private after the redemption of the 2028 zero dividend preference (ZDP) shares. UIL’s board has decided that despite holding a selection of potentially exciting investments, recent disappointing performance has meant that the company no longer has the scale to build up a sufficiently diversified portfolio. Also, given that UIL has a limited free float, there is not enough liquidity in its ordinary shares, and its broad investment mandate is out of favour with investors. Therefore, the company will be taken private and its stock exchange listings cancelled following the redemption of the October 2028 ZDP shares. In the absence of unforeseen circumstances, the annual dividend of 8.0p per share will continue to be paid while UIL remains a listed company.