We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Up Global Sourcing Holdings Plc | LSE:UPGS | London | Ordinary Share | GB00BYX7MG58 | ORDS 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 120.00 | 114.50 | 120.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMUPGS
RNS Number : 9015I
UP Global Sourcing Holdings PLC
16 December 2020
16 December 2020
UP Global Sourcing Holdings PLC
"Ultimate Products" or "the Company" or "the Group"
Notification of Transactions of Persons Discharging Managerial Responsibilities
Awards under the Company's Performance Share Plan
Ultimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces that on 14 December 2020 options over 655,000 ordinary shares in the Company ("Options") have been granted, at nominal value, to certain employees including the following directors and persons discharging managerial responsibilities ("PDMRs") (together the "Recipients") under the rules of the Company's Performance Share Plan (the "PSP") adopted following the annual general meeting in 2017. As in previous periods, Simon Showman, CEO, and Andrew Gossage, Managing Director, are not participating in any grant of options under the PSP. The Options have been granted to retain and incentivise certain members of senior management.
Director / PDMR Options granted Exercise price Options held Total number of Total number of under the PSP (p)* prior to grant options held Options held as % following grant of issued share capital Graham Screawn 80,000 0.25 159,962 239,962 0.29% ------------------ ------------------ ------------------ ------------------ ------------------ David Bloomfield 80,000 0.25 159,962 239,962 0.29% ------------------ ------------------ ------------------ ------------------ ------------------ Jennifer Stewart 50,000 0.25 107,526 157,526 0.19% ------------------ ------------------ ------------------ ------------------ ------------------ Duncan Singleton 50,000 0.25 125,152 175,152 0.21% ------------------ ------------------ ------------------ ------------------ ------------------ Peter Rawley 50,000 0.25 109,962 159,962 0.19% ------------------ ------------------ ------------------ ------------------ ------------------ Emma Greenhalgh 50,000 0.25 109,962 159,962 0.19% ------------------ ------------------ ------------------ ------------------ ------------------ Craig Holden 50,000 0.25 105,405 155,405 0.19% ------------------ ------------------ ------------------ ------------------ ------------------
Following a three-year performance period, which commences on 1 August 2020 and ends on 31 July 2023, the Options may then vest over a three-year period commencing on the assessment by the Remuneration Committee of the performance conditions, and lapse on the tenth anniversary of the date of grant. The Options are s ubject to rigorous financial performance conditions (including an earnings per share target) and continued employment with the Company. It is currently intended that any future exercise of these Options will be satisfied through the 4,058,307 Ordinary Shares currently held in trust by the UP Global Sourcing Employee Benefit Trust.
Following these grants the Company has a total of 3,453,849 share options outstanding representing 4.20% of the existing issued share capital of the Company.
For more information on Ultimate Products, please contact:
Ultimate Products +44 (0) 161 627 1400
Simon Showman, CEO
Andrew Gossage, Managing Director
Graham Screawn, Finance Director
Shore Capital +44 (0) 207 408 4090
Mark Percy
Edward Mansfield
Sarah Mather
Powerscourt +44 (0) 207 250 1446
Rob Greening
Sam Austrums
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 Graham Screawn David Bloomfield Jennifer Stewart Duncan Singleton Peter Rawley Emma Greenhalgh Craig Holden ---------------------------------------------------------- -------------------------------------------------- 2. Details of PDMR / person closely associated with them ( 'PCA') -------------------------------------------------------------------------------------------------------------- a) Position / status Graham Screawn - Chief Financial Officer David Bloomfield - Supply Chain Director Jennifer Stewart - Commercial Director Duncan Singleton - Trading Director Peter Rawley - Trading Director Emma Greenhalgh - Trading Director Craig Holden - HR Director ---------------------------------------------------------- -------------------------------------------------- b) Initial notification 16 December 2020 / 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 -------------------------------------------------------------------------------------------------------------- c) Description of Ordinary shares of 0.25p each in the capital the financial of UP Global Sourcing Holdings plc instrument ISIN: GB00BYX7MG58 ---------------------------------------------------------- -------------------------------------------------- d) Nature of the Grant of options under PSP transaction ---------------------------------------------------------- -------------------------------------------------- e) Price(s) and Price(s) (PENCE) Volume(s) volume(s) Graham Screawn 0.25 80,000 ----------------- ---------- David Bloomfield 0.25 80,000 ----------------- ---------- Jennifer Stewart 0.25 50,000 ----------------- ---------- Duncan Singleton 0.25 50,000 ----------------- ---------- Peter Rawley 0.25 50,000 ----------------- ---------- Emma Greenhalgh 0.25 50,000 ----------------- ---------- Craig Holden 0.25 50,000 ----------------- ---------- ---------------------------------------------------------- -------------------------------------------------- f) Aggregated information Aggregated volume Price
410,000 0.25P --------------------------------------------------------------- -------------------------------------------------- g) Date of the transaction 14 December 2020 ---------------------------------------------------------- -------------------------------------------------- h) Place of the N/A transaction ---------------------------------------------------------- --------------------------------------------------
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
The notifications set out below relating to the above transactions are provided in accordance with the requirements of the EU Market Abuse Regulation.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHFLFSRFSLRLII
(END) Dow Jones Newswires
December 16, 2020 11:46 ET (16:46 GMT)
1 Year Up Global Sourcing Chart |
1 Month Up Global Sourcing Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions