Ultima NewCo was incorporated on 27 November 2014 with an issued share capital of 279,176,540 ordinary shares of £0.000001 each.
The entire issued share capital of Ultima NewCo is held by Professor Humayun Mughal on trust for the Existing Shareholders on a one-for-one basis, meaning that each Existing Shareholder’s beneficial interest in Ultima NewCo will mirror their holding of Existing Ordinary Shares (i.e. Existing Shareholders will beneficially own one ordinary share in Ultima NewCo for each Existing Ordinary Share they held in Ultima Networks plc.)
Now the completion has taken place, as soon as it is reasonably practical, Professor Humayun Mughal will transfer the shares in Ultima NewCo to the Existing Shareholders by issuing share certificates.
All shareholders who note their interest in selling or buying shares will have to give their permission to be contacted. Any parties who agree a price and conclude a bargain are asked to ensure that relevant details, including the names and addresses of the contracting parties and the number of shares traded are correct, are sent to Ultima Newco so that the Company’s share register can be kept up to date and revised share certificates issued as necessary.