UP Global Sourcing Holdings PLC Director Share Trade (2425G)

TIDMUPGS

RNS Number : 2425G

UP Global Sourcing Holdings PLC

28 February 2018

UP Global Sourcing Holdings plc

"Ultimate Products" or "the Group"

Director share trade

Ultimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces that it has received notification that, Barry Franks, Non-Executive Director, on 27 February 2018 gifted, for nil consideration, 3,000,000 ordinary shares of 0.25p each ("Ordinary Shares") to his adult children and grandchildren (together the "Beneficiaries"). As a result, Mr. Frank's is now interested in 7,270,400 Ordinary Shares, representing 8.85% of the Company's issued share capital.

The Beneficiaries are subject to the Lock-up arrangements set out in paragraph 6 of Part 11 of the Prospectus published by the Company on 1 March 2017 ("the Prospectus"). The Prospectus can be found on the Company's website (http://www.upgs.com/wp-content/uploads/2017/08/Prospectus-PDF-Reduced-Size.pdf).

For more information, please contact:

 
 Ultimate Products   [phone] 
                      Simon Showman, CEO 
                      Andrew Gossage, Managing Director 
                      Graham Screawn, Finance Director 
 Powerscourt         [phone] 
                      Rob Greening 
                      Isabelle Saber 
                      Sam Austrums 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
      Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                       Barry Eric Franks 
---  -------------------------  ----------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------- 
 a)   Position/status            Non-Executive Director 
---  -------------------------  ----------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------- 
 a)   Name                       UP Global Sourcing Holdings 
                                  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 
---  -------------------------------------------------------- 
 a)   Description of             Ordinary shares of 0.25p 
       the financial              each in the capital of UP 
       instrument, type           Global Sourcing Holdings 
       of instrument              plc 
 
       Identification             GB00BYX7MG58 
       code 
---  -------------------------  ----------------------------- 
 b)   Nature of the              Gift of ordinary shares 
       transaction 
---  -------------------------  ----------------------------- 
 c)   Price(s) and volume(s)       Price(s)    Volume(s) 
                                   ----------  ---------- 
                                    Nil cost    3,000,000 
                                   ----------  ---------- 
---  -------------------------  ----------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume         3,000,000 
 
       - Price                     Nil Cost 
---  -------------------------  ----------------------------- 
 e)   Date of the transaction    28/02/2018 
---  -------------------------  ----------------------------- 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ----------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 28, 2018 06:41 ET (11:41 GMT)