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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ultimate Fin. | LSE:UFG | London | Ordinary Share | GB0031685414 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 25.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMUFG
RNS Number : 0947M
Ultimate Finance Group PLC
20 August 2013
Ultimate Finance Group plc ("UFG" or the "Company")
UFG is pleased to announce that at the Court Meeting and General Meeting held today all resolutions to approve the proposed acquisition of the Company by Renovo Group PLC ("the Acquisition") by way of a scheme of arrangement ("the Scheme") were duly approved. The results of the proxies will be made available on the Company's website (www.ultimatefinance.co.uk) shortly.
The Scheme is conditional on the sanction of the Court and the confirmation of the Capital reduction which is expected to be given at a hearing on 9 September 2013. The Acquisition is conditional on approval of shareholders of Renovo Group PLC which is expected to be given at a general meeting to be held tomorrow on 21 August 2013 and to admission of the new ordinary shares in Renovo Group PLC to be issued as part consideration for the Acquisition to be admitted to AIM.
It is expected that New Renovo Shares will be admitted to trading on AIM on 10 September 2013.
Capitalised terms used but not defined in this announcement have the same meaning as given in the Scheme Document.
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 Mike Coe +44 (0) 117 945 3470 Newgate Threadneedle (Financial PR) www.threadneedlepr.co.uk 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 London, Manchester, Norwich and Lutterworth. Through its subsidiaries (Ultimate Invoice Finance, Ultimate Asset Finance, Ultimate Trade Finance, Ultimate Construction Finance, Ultimate Recruitment Finance, Ashley Commercial Finance and Ashley Business Cash), UFG supports SMEs by funding their growth with a range of products and services tailored to each client. In the current climate where bank lending to SMEs is increasingly restricted the benefits of UFG's flexible and efficient 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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