UIL Finance, UIL subsidiary, reports parent UIL net assets at GBP 232.89 million as of June 30, 2026
Bitget2026/09/25 16:24- UIL Finance, a subsidiary of UIL Limited, reported results for the year ended June 30, 2026, with its strategy centered on funding the final capital entitlements of its zero dividend preference shares through an intra-group loan to its parent.
- The company flagged its principal risk as its ability to repay the ZDP shares at redemption, which depends on the parent’s asset performance.
- As of June 30, 2026, the parent had net assets of GBP 232.89 million, up from GBP 166.38 million a year earlier, after providing for amounts due to ZDP shareholders.
- UIL Finance said the parent has undertaken to provide sufficient funds to meet each redemption as it falls due.
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