UK Mortgages Ltd Results of February Tender Offer Elections
March 24 2021 - 5:57AM
UK Regulatory
TIDMUKML
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION,
RELEASE OR DISTRIBUTION (IN WHOLE OR IN PART) DIRECTLY OR INDIRECTLY IN OR INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF THAT JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A
TAKEOVER OFFER OR AN OFFER OF SECURITIES.
Capitalised terms used in this Announcement, unless otherwise defined, have the
same meanings as set out in the Circular.
24 March 2021
UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with registration
number 60440) LEI 549300388LT7VTHCIT59
Results of February Tender Offer Elections
Results of the February Tender Offer
The Company announces that a total of 83,905,269 Shares, being 36.14% of the
Company's Shares in issue as at the February Tender Offer Record Date (being
6.00 p.m. on 23 March 2021), were validly tendered under the February Tender
Offer. As a result, the February Tender Offer was oversubscribed. The Basic
Entitlement of all Shareholders who have validly tendered their Shares will be
accepted in full and excess tenders will be satisfied to the extent of
approximately 12.5% of the excess Shares tendered.
A total of 26,666,666 Shares will be repurchased by the Company under the
February Tender Offer and cancelled.
Following the implementation of this tender, the Company will have 205,466,222
Shares in issue. Accordingly, the total number of Shares with voting rights in
the Company will be 205,466,222 and this figure may be used by Shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the Disclosure Guidance and Transparency Rules.
Expected Timetable
Cheques dispatched and payments through CREST made and
CREST 31 March 2021
accounts settled
Balancing share certi?cates dispatched
week beginning 31 March
2021
Notes:
1. References to times above and in the Circular generally are to London time
unless otherwise specified.
2. All times and dates in the expected timetable and in the Circular may be
adjusted by the Company. Any changes to the timetable will be notified via an
RIS
Enquiries:
UK Mortgages Limited
Christopher Waldron (Chairman) 020 7260 1000
Numis Securities Limited, Financial Adviser and Corporate Broker
Hugh Jonathan 020 7260 1000
Nathan Brown
END
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