Directorate Changes (9155T)
December 14 2011 - 2:01AM
UK Regulatory
TIDMUFG
RNS Number : 9155T
Ultimate Finance Group PLC
14 December 2011
ULTIMATE FINANCE GROUP PLC
(AIM: UFG)
Directorate Changes
Ultimate Finance Group plc ("Ultimate Finance" or "the
Company"), a leading provider of financial solutions to SMEs, is
pleased to announce that Jeremy Coombes has been promoted to Chief
Executive Officer with immediate effect. Jeremy Coombes, who has
been group managing director for the last three years, is a
founding member of Ultimate Finance and has 25 years experience in
factoring in various operational and underwriting roles.
In addition, the Company announces that Clive Garston will be
retiring from the position of Non-executive Chairman with effect
from the release of the Company's interim results for the period to
31 December 2011, expected in March 2012. The Board wishes to thank
Mr. Garston for his contribution to the Company over the last 10
years and wishes him well in his future endeavors.
Following Clive Garston's retirement, Roger McDowell has agreed
to assume the role of Non-executive Chairman and will work with Mr.
Garston on an orderly handover in the coming months. Roger
McDowell, who was appointed as Non-executive Director in November,
is an experienced director of 30 years' standing and currently
holds Non-executive positions at several listed companies.
Contacts:
Ultimate Finance Group plc www.ultimatefinance.co.uk
Jeremy Coombes, Chief Executive Officer +44 (0) 7967 613208
Arbuthnot Securities (Nominated Adviser and www.arbuthnotsecurities.co.uk
Joint Broker)
Antonio Bossi/Paul Gillam +44 (0) 20 7012 2000
WH Ireland Limited (Joint Broker) www.wh-ireland.co.uk
John Wakefield / Marc Davies (Corporate Finance) +44 (0) 117 945 3470
Jasper Berry (Corporate Broking) +44 (0) 207 220 1690
Threadneedle Communications (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 Manchester, Tunbridge Wells and Birmingham
and through its three subsidiaries, (ultimate invoice finance,
Ashley Commercial Finance, and ultimate asset finance), provides
support to SMEs by funding their growth. As bank lending to SMEs is
increasingly restricted in the current climate, the benefits of
ultimate finance's flexible and fast-moving solutions become even
more compelling.
This information is provided by RNS
The company news service from the London Stock Exchange
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