Directors' interests in shares 21 August 2013
Ultimate Finance Group plc (AIM:UFG ) announces that Jeremy Coombes, Chief Executive and Shane Horsell, Finance Director,have exercised options over 200,000 shares and 135,000 shares in UFG respectively, under proposals made to option holders in connection with the proposed acquisition of UFG by Renovo Group PLC.
Following such exercise, application has been made for the new UFG shares arising on exercise of these options to be admitted to AIM and it is expected that dealings in the new ordinary shares will commence with effect from 27 August 2013.
Immediately following such exercise, there are 74,959,700 UFG shares in issue in which Jeremy Coombes and Shane Horsell have the following interests:
Director | No of shares | %enlarged issued shares |
Jeremy Coombes | 1,991,285 | 2.66 |
Shane Horsell | 428,716 | 0.57 |
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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.
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