Issue of Equity (7754B)
April 20 2012 - 7:00AM
UK Regulatory
TIDMUFG
RNS Number : 7754B
Ultimate Finance Group PLC
20 April 2012
Ultimate Finance Group plc
("Ultimate Finance" or the "Company")
Issue of Equity
Ultimate Finance Group plc (AIM: UFG), a leading provider of
financial solutions to SMEs, announces that it has issued and
allotted 634,921 ordinary shares of 5 pence each ("Ordinary
Shares"). These new Ordinary Shares have been issued to satisfy
GBP100,000 (the "First Tranche") of deferred consideration payable
under the Ashley Commercial Finance Limited acquisition agreement
(as detailed in the admission document dated 12 October 2010 and
available on the Company's website, www.ultimatefinance.co.uk).
Jonathan Cranston, Executive Director, has received 197,778
Ordinary Shares and subsequently holds 2,274,527 Ordinary Shares
representing approximately 3.9 per cent. of the total Ordinary
Shares in issue.
Application has been made for the 634,921 new Ordinary Shares to
be admitted to trading on AIM and it is expected that admission
will take place on or about 8.00 a.m. on 24 April 2012
("Admission").
In accordance with the Disclosure and Transparency Rules (DTR
5.6.1R) the Company hereby notifies the market that immediately
following Admission its issued share capital will consist of
57,893,980 Ordinary Shares. The Company does not hold any shares in
treasury. Shareholders may use these figure 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 FSA's Disclosure and Transparency Rules.
Contacts:
Ultimate Finance Group plc www.ultimatefinance.co.uk
Jeremy Coombes, Chief Executive Officer +44 (0) 7967 613208
Shane Horsell, Finance Director +44 (0) 7811 330828
WH Ireland Limited (Nominated Adviser and www.wh-ireland.co.uk
Broker)
John Wakefield / Marc Davies (Corporate
Finance) +44 (0) 117 945 3470
Threadneedle Communications (Financial www.threadneedlepr.co.uk
PR)
John Coles / Fiona Conroy +44 (0) 20 7653 9850
About Ultimate Finance Group plc
Ultimate Finance group is a leading provider of financial
solutions to SMEs across the UK. The Company is headquartered in
Bristol with offices in Manchester, Tunbridge Wells and Birmingham
and through its three subsidiaries, (Ultimate Invoice Finance,
Ashley Commercial Finance and Ultimate Asset Finance), provides
support to SMEs by funding their growth. As bank lending to SMEs is
increasingly restricted in the current climate, the benefits of
ultimate finance's flexible and fast-moving solutions become even
more compelling.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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