Appointment of Non-Executive Directors (8469S)
28 November 2011 - 6:01PM
UK Regulatory
TIDMUFG
RNS Number : 8469S
Ultimate Finance Group PLC
28 November 2011
28 November 2011
Embargoed until 07:00
Ultimate Finance Group plc
("Ultimate Finance" or the "Group")
Appointment of Non-Executive Directors
Ultimate Finance Group plc (AIM: UFG), confirms today the
appointment of two Non-Executive Directors, as outlined in the
announcement dated 23 November 2011. Mr Matthew (Matt) Cooper and
Mr Roger McDowell join the Board with immediate effect.
Matt Cooper currently holds several board-level positions at
companies in both the corporate and not-for-profit sectors.
Matt Cooper commented, "Ultimate Finance is a great business
with a strong position in what is a growing market - driven by
reduced and uncompetitive bank finance facilities to SMEs in the
UK. Ultimate Finance's services are very important in supporting
smaller UK businesses, especially given the current economic
climate, and I am delighted to be joining the Group at such an
exciting time of its development."
Mr Roger McDowell, is an experienced director of 30 years'
standing and currently holds Non-Executive positions at several
listed companies.
Roger McDowell commented, "Ultimate Finance provides a vital
service to SMEs, of which there are approximately 4.8 million in
the UK and they will be crucial to the recovery of the UK economy.
I have been hugely impressed with the expertise within the Group,
and the quality and highly supportive shareholder base. I very much
look forward to working with the dedicated and enthusiastic
Ultimate Finance team."
For further information please contact:
Ultimate Finance Group plc Tel: +44 (0) 20 7653 9850
Clive Garston, Chairman
Arbuthnot Securities Tel: +44 (0) 20 7012 2000
(Nominated Adviser and Joint Broker)
Antonio Bossi / Paul Gillam
WH Ireland Tel: +44 (0) 20 7220 1666
(Joint Broker)
John Wakefield / Richard Smith
Threadneedle Communications Tel. +44 (0) 20 7653 9850
(Financial PR)
John Coles / Fiona Conroy
Regulatory information
Matthew J Cooper (44 years old)
Matt Cooper is, or has been, a Director of the following
companies in the last five years:
Current directorships Previous directorships
10Duke Software Ltd Activ8 Intelligence Limited
Carbon Leadership LLP Axiant
Imaginatik Plc Badenoch and Clark Limited
Knowledge & Merchandising Inc. Carbon Search Limited
Ltd Global Collect Limited
My Dish Limited New Sadler's Wells Limited
Octopus Capital Limited Octopus Phoenix VCT Plc
Octopus Investments Limited Online All-Stars Limited
Octopus Eclipse VCT Plc TDX Group Limited
Octopus Eclipse VCT 2 Plc The Core Business plc
Octopus Eclipse VCT 3 Plc Sadler's Wells Limited
Octopus Eclipse VCT 4 Plc Sadler's Wells Development Trust
Octopus Apollo VCT 1 Plc Sadlers' Wells Foundation
Octopus Apollo VCT 2 Plc Sadler's Wells Trust Limited
Octopus Apollo VCT 3 Plc
Octopus Titan VCT 1 Plc
Octopus Titan VCT 2 Plc
PPL Realisations 2011 Limited
Matt was a Non-Exec Director of The Core Business plc, which
entered into a CVA in March 2010. At that time the company had
creditors of approximately GBP1.3m.
Save as disclosed above, there are no further disclosures to be
made in relation to Matt Cooper under Schedule Two, paragraph (g)
(i) - (viii) of the AIM Rules for Companies.
Roger S McDowell (56 years old)
Roger McDowell is, or has been, a Director of the following
companies in the last five years:
Current directorships Previous directorships
Augean plc IDMOS Public Limited Company
Avingtrans Plc Intec Telecom Systems Limited
Corsair Techinvest Limited Onward Digital Limited
Disperse Limited Redhall Group Plc
Dovehoco 201 Limited
Fineguard Limited
I S Solutions Plc
One Advice Group Limited
Swallowfield Plc
Town Index Limited was placed into creditors voluntary
liquidation on 23 January 2001 with an estimated deficiency as
regards to creditors of GBP2.0 million.
Wax Digital Limited was placed into creditors voluntary
liquidation on 14 June 2001 with an estimated deficiency as regards
to creditors of GBP1.4 million.
Advanced Fluid Connections plc was placed into administrative
receivership on 24 March 2006 with an estimated deficiency as
regards to creditors of GBP17.8 million
Idmos plc was placed into administration on 16 April 2008. The
estimated deficiency as regards creditors was GBP0.4 million.
Save as disclosed above, there are no further disclosures to be
made in relation to Roger McDowell under Schedule Two, paragraph
(g) (i) - (viii) of the AIM Rules for Companies.
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
END
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