UIL: five million additional 2028 zero-dividend preference shares approved
UIL Finance and UIL announced on 7 September 2026 that the finance subsidiary approved five million new 2028 zero-dividend preference shares, initially issued to UIL. Structure and timing The issue price will equal accrued capital entitlement on the issue date, expected to be 135.1p assuming admission on 10 September. That indicates approximately £6.755m for the new shares, calculated from the announced quantity and expected price. The issue would increase outstanding 2028 ZDP shares to 30 milli
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