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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 |
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RNS Number : 1356V
Ultimate Finance Group PLC
06 July 2009
6 July 2009
Ultimate Finance Group plc
Debt Facility and Trading Update
Ultimate Finance Group plc (the "Company"), the AIM-quoted factoring, invoice
discounting and financial solutions provider to the SME sector, is pleased to
provide an update on funding and current trading.
As reported in our Interim Report released on 10 March 2009, the back to back
receivable financing arrangement with Lloyds TSB Commercial Finance (the
"Facility") had been extended until the end of March 2010 and we announced that
we would be engaging in discussions with the bank with a view to further
extending and increasing the facility.
We are pleased to announce that those negotiations have now been successfully
completed. The limit on the Facility has been increased from GBP18 million to
GBP25 million and the period of its availability extended to 3 July 2012.
Current trading is in line with both management and market expectations. A
further update will be provided at the time of the Company's Final Results,
which are expected to be announced on 17 September 2009.
Ultimate Finance Group Chief Executive, Richard Pepler commented:
"Our valued relationship with Lloyds TSB Commercial Finance goes back some years
now and we are delighted to have secured an expansion and extension to this
facility. The Board believes that this reflects Lloyds' ongoing support for the
business."
Further information
Ultimate Finance Group plc:
+------------------------------------+------------------------------------+
| Richard Pepler, Chief Executive | +44 (0) 845 251 3030 |
| rpepler@ultimatefinance.co.uk | |
+------------------------------------+------------------------------------+
| Shane Horsell, Finance Director | +44 (0) 845 251 3030 |
| shorsell@ultimatefinance.co.uk | |
+------------------------------------+------------------------------------+
Media enquiries:
Allerton Communications
+------------------------------------+------------------------------------+
| Peter Curtain | +44 (0) 20 3137 2500 |
| peter.curtain@allertoncomms.co.uk | |
+------------------------------------+------------------------------------+
Nominated adviser:
Strand Partners Limited
+------------------------------------+------------------------------------+
| James Harris / David Altberg | +44 (0) 20 7409 3494 |
+------------------------------------+------------------------------------+
+----------+
| |
+----------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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