UIL Limited Loan from Resimac Group Limited
10 Dezember 2024 - 2:00PM
RNS Regulatory News
RNS Number : 5492P
UIL Limited
10 December 2024
10
December 2024
UIL
LIMITED
(LEI
Number: 213800CTZ7TEIE7YM468)
Loan
from Resimac Group Limited
UIL Limited ("UIL") announces that it
has today entered into a A$11 million loan facility with Resimac
Group Limited ("Resimac"), a leading non-bank lender listed on the
ASX. Resimac is a subsidiary of Somers Limited ("Somers")
while UIL owns 31.1% of Resimac (both through shares held directly
by UIL and indirectly through Somers). Resimac is therefore
considered an associated undertaking and related party for the
purposes of DTR 7.3.
The loan, which will be drawn down in
full and used for general corporate purposes, has an interest rate
of 10.0% per annum and is repayable on 31 March 2025, unless
extended.
Name of contact and telephone number
for enquiries:
Charles Jillings
ICM Investment Management
Limited
Telephone: 01372 271486
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END
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