Welcome to Ultima NewCo Ltd
THE MATCHED BARGAIN FACILITY WILL COME TO AN END ON 31st JULY 2017.
On 14th October 2015 Ultima Newtworks was restructured. Full details of the restructuring can be found here.
A Matched Bargain Facilty has been set up to allow shareholders to seek an exit from their shareholdings.
This facility is not regulated, it is purely arranged to provide an exit for shareholders. Ultima NewCo provide no warranties or representation to any new shareholders.
Administration Charges for this Facility
The facility is free of charge for all shareholders who wish to SELL and were on the Ultima Networks Plc’s share register at close of day on 14/10/2015 (London Stock Exchange Trading time for a period ending on 30/06/2016. Thereafter they will be charged the normal administration fee of £20 per transaction.
Any other buyers and sellers will be charged £20 fee per transaction to cover administrative costs plus the statutory stamp duty if applicable. New Shareholders will be subjected to buying a minimum of £100 of shares.
ULTIMA NEWCO ACTS AS A FACILITATOR ONLY
Ultima NewCo only acts as a facilitator and provides a platform where Shareholders can trade in the buying or selling of shares once a matched bargain has been established. All transactions in buying, selling, transfer of shares and all other communication will be dealt with online via the Ultima NewCo portal and by email. Matched Bargain Facility has been set up to allow shareholders to seek an exit from their shareholdings. Following the mailing of share certificates, and Matched Bargain Facility forms, all further communication will take place via our website. The website will be updated with buying and selling activity on a weekly basis.
Ultima NewCo do not offer a Telephone dealing service. It is important that all current shareholders and new shareholders have access to email for communication purposes. Ultima Newco is not a member of any regulatory body.
INITIAL MATCHED BARGAIN FACILITY
Ultima Newco Limited has arranged initial purchase facility at 0.1p per share (the closing bid price on 14/10/2015) for a limited number of shares. This facility has been arranged to offer a commission free exit to small shareholders and limited to maximum value of £1,000 per shareholder. This facility will be withdrawn without any notice once the funds available for this purpose are used up. Sellers wanting to take advantage of this facility will be served strictly on “First come first served” basis. Ultima Newco Limited cannot guarantee that all selling requests can be fulfilled at this price. Ultima Newco Limited cannot offer any advice to shareholders. Please remember that the value of shares can fluctuate and you may get back less than the amount you invested. Past performance is no guarantee of future performance. If you are in any doubt you should consult an independent financial adviser.
Orders to buy or sell will be given priority according to the price and then the date on which they are received.
Thus, orders to sell at the lowest price will go to the front of the queue regardless of when they were received. Similarly, orders to buy at the highest price will be placed at the front of the queue. Where two orders are received at the same price, the order that was received the earliest will be given priority.
Buyers will be informed by email if we achieve a match at the requested price. Payment must be received within 7 calendar days of email notification to the buyers. If no payment is received then the order will be removed from the list.
No orders to sell will be processed unless your share certificate is received with your completed order form.
Please note that due to the large number of transactions initially anticipated that shareholders and nominees are advised to be patient. Latest details will be available on the website.
MATCHED BARGAIN FACILITY
Please use the information, help, FAQ's and user guides provided on the Ultima NewCo website (listed in the tabs to the left and at the top of this page) for your assistance to aid you in buying, selling, matching bids and transfer of shares. Please remember that the value of shares fluctuate and you may get back less than the amount you invested. Past performance is no guarantee of future performance. If you are in any doubt you should consult a financial adviser.