AGM Statement (6976W)
November 24 2010 - 2:00AM
UK Regulatory
TIDMUFG
RNS Number : 6976W
Ultimate Finance Group PLC
24 November 2010
Press Release 24 November 2010
Ultimate Finance Group plc
("Ultimate Finance" or the "Group")
AGM Statement
Ultimate Finance Group plc (AIM:UFG), a leading provider of
financial solutions to SMEs, will be holding its Annual General
Meeting in Bristol at 11am today. At the meeting Clive Garston,
Chairman of Ultimate Finance, will make the following
statement:
"This year has been a period of significant progress for
Ultimate Finance, as the transformational acquisition of Ashley
Commercial Finance Limited significantly strengthens the Group's
offering and enables us to achieve considerable scale. We are
already capitalising on the cross-selling opportunities between the
two companies. These synergies, together with the cost savings that
we have identified, bring major benefits to the Group.
The increased facility of GBP34 million, which has recently been
agreed with Lloyds, gives the Group the strength to continue to
grow and expand its customer base both organically and through
select acquisitions.
Current trading is robust, and the Board continues to view the
future with confidence."
- Ends -
For further information:
Ultimate Finance Group plc
Clive Garston, Chairman Tel: +44 (0)207 293 4025
cgarston@ultimatefinance.co.uk
Richard Pepler, Chief Executive Tel: +44 (0)845 251 3030
rpepler@ultimatefinance.co.uk
Shane Horsell, Finance Director Tel: +44 (0)845 251 3030
shorsell@ultimatefinance.co.uk
Arbuthnot Securities
(Nominated Adviser and Joint Broker)
Antonio Bossi Tel: +44 (0)20 7012 2000
antoniobossi@arbuthnot.co.uk
Paul Gillam Tel: +44 (0)20 7012 2000
paulgillam@arbuthnot.co.uk
WH Ireland
(Joint Broker)
John Wakefield Tel: +44 (0)117 945 3471
john.wakefield@wh-ireland.co.uk
Richard Smith Tel: +44 (0) 121 265 6304
richard.smith@wh-ireland.co.uk
Media enquiries:
Abchurch
Joanne Shears / Oliver Hibberd Tel: +44 (0) 20 7398 7709
joanne.shears@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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