Ultimate Products PLC PDMR Dealing

RNS Number : 6509A

Ultimate Products PLC

16 August 2024

 

 

Ultimate Products plc

("Ultimate Products", "Company" or "the Group")

 

Persons discharging managerial responsibilities ("PDMR") dealing

 

Ultimate Products, the owner of a number of leading homeware brands including Salter (the UK's oldest houseware brand, est.1760) and Beldray (est.1872), was informed on 15th August 2024 that Chris Dent, Chief Financial Officer, on the same day purchased 1,780 ordinary shares of 0.25p each ("Ordinary Shares") in the Company at a price of 140.38p per share. Following this purchase, Mr Dent has a beneficial interest in 107,114 Ordinary Shares representing approximately 0.12% of the Company's issued share capital.

 

For more information, please contact:

 

Ultimate Products [phone]

Andrew Gossage, CEO

Chris Dent, CFO

 

Shore Capital [phone]

Mark Percy

Malachy McEntyre

David Coaten
Harry Davies-Ball

Isobel Jones

 

Cavendish Capital Markets Limited + 44 (0)20 7220 0500

Carl Holmes (Corporate Finance)

Matt Goode (Corporate Finance)

Abigail Kelly (Corporate Finance)

Charlie Combe (ECM)

 

Sodali & Co [phone]

Rob Greening

Sam Austrums

Oliver Banks

 

Pursuant to the notification obligations in accordance with Article 19 of the Market Abuse Regulation (MAR)

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Chris Dent
2.	Details of PDMR / person closely associated with them ('PCA')
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ultimate Products Plc
b)	LEI	213800Q5GWTVIW6KJW33
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
c)	Description of the financial instrument	Ordinary shares of 0.25p each in the capital of UP Global Sourcing Holdings plc   ISIN: GB00BYX7MG58
d)	Nature of the transaction	Purchase of Ordinary Shares
e)	Price and volume	Price (PENCE) Volume Chris Dent   140.38 1,780
f)	Aggregated information    Aggregated volume    Price	1,780     140.38p
g)	Date of the transaction	15 August 2024
h)	Place of the transaction	London Stock Exchange (XLON)

 

 

 

Notes to Editors

 

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK's oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group's products.

 

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling. Other brands include Progress (cookware and bakeware), Kleeneze (laundry and floorcare), Petra (small domestic appliances) and Intempo (audio).

 

The Group's products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers and online retailers.

 

Founded in 1997, Ultimate Products employs over 370 staff, a significant number of whom have joined via the Group's graduate development scheme, and is headquartered in Oldham, Greater Manchester, where it has design, sales, marketing, buying, quality assurance, support functions and warehouse facilities across two sites. Manor Mill, the Group's head office, includes a spectacular 20,000 sq ft showroom that showcases each of its brands. In addition, the Group has an office and showroom in Guangzhou, China and in Paris, France.

 

Please note that Ultimate Products is not the owner of Russell Hobbs. The company currently has licence agreements in place granting it an exclusive licence to use the "Russell Hobbs" trademark for cookware and laundry (NB this does not include Russell Hobbs electrical appliances).

 

For further information, please visit www.upplc.com.  

 

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