AGM Statement (6976W)

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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