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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 |
TIDMUFG
RNS Number : 1084L
Ultimate Finance Group PLC
06 August 2013
Ultimate Finance Group plc
Directors' interests
and Irrevocable undertakings
Further to the announcement released by Renovo Group PLC ("Renovo") on 22 July 2013 that it intended to make a recommended offer to acquire all the shares in Ultimate Finance Group plc ("UFG") which it does not already own, it has come to the attention of Renovo and UFG that the interest of Roger McDowell, the Chairman of UFG, in the share capital of UFG is 2,085,888 shares and not, as incorrectly stated in that announcement, the Scheme Document and the Prospectus, 2,672,500 shares. Copies of the Scheme Document and the Prospectus by which the acquisition is proposed to be made were posted on 30 July 2013. Words and phrases in this announcement have the same meaning as in the Scheme Document and the Prospectus.
The number of shares in respect of which the Directors of UFG have entered into irrevocable undertakings to vote in favour of the Scheme at the Court Meeting and the Special Resolution at the General Meeting in respect of their beneficial interests in UFG Shares therefore amounts in aggregate to 8,998,129 UFG Shares (including UFG Shares to be issued pursuant to the exercise of options granted under the UFG Share Scheme), representing approximately 12.06 per cent. of the issued share capital of UFG.
Further, Renovo has therefore received irrevocable undertakings in respect of a total of 30,955,794 UFG Shares, representing in aggregate approximately 41.48% of the issued share capital of UFG, to vote in favour of the Scheme at the Court Meeting and of the Special Resolution at the UFG General Meeting.
Contacts: 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 (Corporate Finance) +44 (0) 117 945 3470 Threadneedle Communications (Financial www.threadneedlepr.co.uk PR) John Coles / Fiona Conroy +44 (0) 207 653 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 five subsidiaries (Ultimate Invoice Finance, Ultimate Asset Finance, Ultimate Trade Finance, Ashley Commercial Finance and Ashley Business Cash), Ultimate 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 Ultimate Finance's flexible and efficient solutions become even more compelling.
This information is provided by RNS
The company news service from the London Stock Exchange
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