Result of General Meeting
October 28 2010 - 5:19AM
UK Regulatory
TIDMUFG
RNS Number : 1657V
Ultimate Finance Group PLC
28 October 2010
28 October 2010
Ultimate Finance Group plc
("Ultimate" or the "Company")
Result of General Meeting
Ultimate is pleased to announce that at the General Meeting held earlier today
all resolutions proposed to shareholders were duly passed, specifically the
approval of (i) the proposed acquisition of Ashley Commercial Finance Limited;
(ii) the grant to Directors of authority to issue shares in connection with the
Acquisition and in the future; (iii) the authorisation of the Directors to
disapply pre-emption rights on the issue of shares; and (iv) the amendments to
the Articles.
Application has been made for admission to trading on AIM of 49,747,019 Ordinary
Shares comprising 19,997,018 Existing Ordinary Shares and 29,750,001 New
Ordinary Shares. The admission to AIM of the Enlarged Share Capital is expected
to become effective at 8 a.m. tomorrow. The Acquisition is expected to complete
at the same time and dealings in the Enlarged Share Capital of the Company will
commence immediately thereafter.
Total Voting Rights
Following Completion and Admission of the Enlarged Share Capital to AIM, the
Company's total issued share capital and total voting rights will consist of
49,747,019 Ordinary Shares. The Company will not hold any Ordinary Shares in
treasury. This figure may be used by shareholders in the Company 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
share capital of the Company under the Financial Service Authority's Disclosure
and Transparency Rules.
Defined terms in this announcement should be taken to have the same meaning as
set out in the circular which was posted to shareholders on 12 October 2010.
- ENDS -
For further information please contact:
Ultimate Finance Group plc:
+--------------------------------+----------------------------------+
| Clive Garston, Chairman | +44 (0) 7802 356 614 |
+--------------------------------+----------------------------------+
| Richard Pepler, Chief | +44 (0) 7870 212 180 |
| Executive | |
| rpepler@ultimatefinance.co.uk | |
+--------------------------------+----------------------------------+
| Shane Horsell, Finance | +44 (0) 7811 330 828 |
| Director | |
| shorsell@ultimatefinance.co.uk | |
+--------------------------------+----------------------------------+
Media enquiries:
Allerton Communications:
+-----------------------------------+----------------------------------+
| Peter Curtain | +44 (0) 20 3137 2500 |
| peter.curtain@allertoncomms.co.uk | |
+-----------------------------------+----------------------------------+
Nominated Adviser and Joint Broker:
Arbuthnot Securities Limited
+------------------------------+----------------------------------+
| Antonio Bossi | +44 (0) 20 7012 2000 |
| antoniobossi@arbuthnot.co.uk | |
+------------------------------+----------------------------------+
| Paul Gillam | +44 (0) 20 7012 2000 |
| paulgillam@arbuthnot.co.uk | |
+------------------------------+----------------------------------+
Joint Broker:
WH Ireland
+---------------------------------+---------------------------------+
| John Wakefield | +44 (0) 117 945 3471 |
| john.wakefield@wh-ireland.co.uk | |
+---------------------------------+---------------------------------+
| Richard Smith | +44 (0) 121 265 6304 |
| richard.smith@wh-ireland.co.uk | |
+---------------------------------+---------------------------------+
This announcement does not constitute an offer to sell, or the solicitation of
an offer to subscribe for or buy, Ordinary Shares in any jurisdiction in which
such offer or solicitation is unlawful or would impose any unfulfilled
registration, publication or approval requirements on the Company, Arbuthnot
Securities Limited or WH Ireland Limited and, in particular, is not for
distribution into the United States, Canada, Australia, Japan, the Republic of
Ireland or the Republic of South Africa. The Ordinary Shares have not been and
will not be registered under the applicable securities laws of the United
States, Canada, Australia, Japan, the Republic of Ireland or the Republic of
South Africa and the Ordinary Shares may not be offered or sold directly or
indirectly within the United States, Canada, Australia, Japan, the Republic of
Ireland or the Republic of South Africa or to, or for the account or benefit of,
any national, resident or citizen of the United States, Canada, Australia,
Japan, the Republic of Ireland or the Republic of South Africa. The distribution
of this announcement in other jurisdictions may be restricted by law and
therefore persons into whose possession this announcement comes should inform
themselves about and observe any such restrictions. Any failure to comply with
these restrictions may constitute a violation of the securities law of any such
jurisdictions.
Arbuthnot Securities Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting as nominated adviser and
joint broker to the Company in relation to the Placing and Admission and will
not be responsible to any person other than the Company for providing the
protections afforded to its customers or for advising any other person on the
contents of this announcement or any matter, transaction or arrangement referred
to herein. The responsibilities of Arbuthnot Securities Limited as the Company's
nominated adviser under the AIM Rules for Nominated Advisers are owed solely to
London Stock Exchange and are not owed to the Company or to any Director,
Shareholder or any other person. Arbuthnot Securities Limited is not making any
representation or warranty, express or implied, as to the contents of this
announcement. Arbuthnot Securities Limited has not authorised or approved the
contents of, or any part of, this announcement. No liability whatsoever is
accepted by Arbuthnot Securities Limited for the accuracy of any information or
opinions contained in this announcement or for the omission of any information
from this announcement.
WH Ireland Limited, which is authorised and regulated in the United Kingdom by
the Financial Services Authority, is acting as joint broker to the Company in
relation to the Placing and Admission and will not be responsible to any person
other than the Company for providing the protections afforded to its customers
or for advising any other person on the contents of this announcement or any
matter, transaction or arrangement referred to herein.
WH Ireland Limited is not making any representation or warranty, express or
implied, as to the contents of this announcement. WH Ireland Limited has not
authorized or approved the contents of, or any part of, this announcement. No
liability whatsoever is accepted by WH Ireland Limited for the accuracy of any
information or opinions contained in this announcement or for the omission of
any information from this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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