UEM’s investment objective is to provide long-term total return through a flexible investment policy that permits it to make investments predominantly in infrastructure, utility and related sectors, mainly in emerging markets
Capital Structure
UEM's Capital Structure is comprised of Ordinary Shares.
UEM is incorporated in the United Kingdom listed in the closed ended investment funds category of the Official List of the Financial Conduct Authority and whose shares are admitted to trading on the London Stock Exchange's Main Market for listed securities.
Capital Structure as at 31 October 2024:
| OUTSTANDING | LSE CODE | SEDOL | ISIN | |
|---|---|---|---|---|
| Ordinary Shares | 187,519,757 | UEM | BD45S96 | GB00BD45S967 |
UEM holds a £50.0m multicurrency revolving credit facility with Barclays Bank PLC on a secured basis.
UEM has an indefinite life, but a continuation resolution will be proposed at the 2026 Annual General Meeting, and at every fifth annual general meeting thereafter.
Substantial Share Interests
UEM was aware, as at 14 June 2024, of the following holdings of 3.0% and over of its Ordinary Share capital.
| ORDINARY SHARES HELD | % HELD | |
|---|---|---|
| City of London Investment Management Company Limited | 28,672,553 | 15.2% |
| Lazard Asset Management LLC | 18,737,825 | 9.9% |
| Rathbone Investment Management Limited | 10,728,364 | 5.7% |
| 1607 Capital Partners LLC | 10,589,512 | 5.6% |
| Ameriprise Financial, Inc | 10,127,839 | 5.4% |
| UIL Limited | 9,273,087 | 4.9% |