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IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION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.
22 June
2021
UK MORTGAGES
LIMITED
(a closed-ended
investment company incorporated in Guernsey with registration
number 60440) LEI 549300388LT7VTHCIT59
Results of May
Tender Offer Elections
Results of the May Tender Offer
The Company announces that a total of 81,143,530 Shares, being
39.5% of the Company's Shares in issue as at the May Tender Offer
Record Date (being 6.00 p.m. on
21 June 2021), were validly tendered
under the May Tender Offer. As a result, the May 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 19.1% of
the excess Shares tendered.
A total of 26,666,666 Shares will be repurchased by the Company
under the May Tender Offer and cancelled.
Following the implementation of this tender, the Company will
have 178,799,556 Shares in issue. Accordingly, the total number of
Shares with voting rights in the Company will be 178,799,556 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 accounts
settled
|
29 June 2021 |
| Balancing share certificates
despatched |
Week beginning 29 June
2021 |
Notes:
1. References to times above 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