UP Global Sourcing Holdings PLC Annual General Meeting Results (4379I)

TIDMUPGS

RNS Number : 4379I

UP Global Sourcing Holdings PLC

11 December 2020

11 December 2020

UP Global Sourcing Holdings plc

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

Annual General Meeting ("AGM") Results

Ultimate Products (LSE: UPGS), the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces that all of the resolutions set out in the Notice of AGM were passed by the requisite majority at the Company's AGM, held earlier today.

Details of the votes received are available on the Company's website at www.upgs.com .

For more information, please contact:

 
 Ultimate Products   [phone] 
                      Simon Showman, CEO 
                      Andrew Gossage, Managing Director 
                      Graham Screawn, Chief Financial Officer 
 Shore Capital       [phone] 
                      Mark Percy 
                      Edward Mansfield 
                      Sarah Mather 
 Powerscourt         [phone] 
                      Rob Greening 
                      Sam Austrums 
 

Notes to Editors

Ultimate Products is an owner, manager, designer and developer of a series of well-known brands focused on the home, selling to over 300 retailers across 37 countries. It has six product categories: Audio; Heating and Cooling; Housewares; Laundry; Luggage; and Small Domestic Appliances. Its brands include Beldray (laundry, floor care, heating and cooling), Intempo (audio), Salter (kitchenware), Constellation (luggage), and Progress (cookware and bakeware).

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. Its best-selling products include frying pans, mugs and speakers, selling approximately one million of each every year.

Founded in 1997, Ultimate Products 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 Cologne, Germany.

Ultimate Products' graduate development scheme was launched in 2012 and in 2018 it welcomed its one-hundredth graduate. In total, Ultimate Products now employs over 250 staff.

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

For further information, please visit www.upgs.com

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December 11, 2020 10:02 ET (15:02 GMT)