Ultimate Finance Group PLC Rule 2.10 Announcement (3040M)

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RNS Number : 3040M

Ultimate Finance Group PLC

22 August 2013

Ultimate Finance Group plc

Exercise of options

Ultimate Finance Group plc ("Ultimate Finance", the "Company" or the "Group") announces that application has been made for the admission to AIM of 335,000 new ordinary shares of 1p each in the Company following an exercise of options. The new shares will rank pari passu in all respects with the Company's existing shares and dealings are expected to commence on 27 August 2013 ("Admission").

Following Admission, the Company's enlarged issued share capital will comprise 74,959,700 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights will be 74,959,700 which figure may be used by shareholders in the Company as the denominator for calculations by which they will determine if they are required to notify their interest in, or change their interest in, the share capital of the Company under the Disclosure and Transparency Rules or in connection with Rule 8 of the City Code.

The ISIN for the ordinary shares in Ultimate Finance Group plc is GB0031685414.

For further information please contact:

 
Ultimate Finance Group plc       Tel: +44 (0)845 251 3030 
Jeremy Coombes, Chief Executive 
Shane Horsell, Finance Director 
W H Ireland                      Tel: +44 (0) 20 7220 1666 
 (Nominated Adviser and Broker) 
John Wakefield / Mike Coe

Dealing and Opening Position Disclosure requirements

Under Rule 8.3(a) of the City Code, any person who is interested in 1 per cent. or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the Offer Period and, if later, following the announcement in which any paper offeror is first identified.

An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of: (i) the offeree company; and (ii) any paper offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 p.m. (London time) on the 10th business day following the commencement of the Offer Period and, if appropriate, by no later than 3.30 p.m. (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the City Code, any person who is, or becomes, interested in 1 per cent. or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 p.m. (London time) on the business day following the date of the relevant dealing. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the Offer Period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0) 20 7638 0129.

Publication on website

A copy of this announcement will be available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Renovo's website at www.renovo.com and on UFG's website at www.ultimatefinance.co.uk by no later than noon (London time) on the day following this announcement. For the avoidance of doubt, the contents of those websites are not incorporated into and do not form part of this announcement.

You may request a hard copy of this announcement (by contacting Adam Sivner of Altium at adam.sivner@altium.co.uk or by submitting a request in writing to Adam Sivner at Altium, 5(th) Floor, Belvedere, Booth Street, Manchester, M2 4AW. It is important that you note that unless you make such a request, a hard copy of this announcement may not be sent to you. You may also request that all future documents, announcements and information to be sent to you in relation to the Acquisition should be

This information is provided by RNS

The company news service from the London Stock Exchange

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