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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 : 5108X
UP Global Sourcing Holdings PLC
26 April 2023
26 April 2023
UP Global Sourcing Holdings plc
"Ultimate Products", "Company" or "the Group"
Exercise of Options
PDMR dealing
and
EBT Shareholding
Further to its announcement on 13 March 2019, 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), announces that on 25 April 2023, under its UP Global Sourcing Performance Share Plan 2017 (the "Plan"), 69,830 share options were exercised at a price of 0.25 pence per option and 93,553 share options were exercised at a price of 59.17 pence per option and were satisfied by the transfer of, in aggregate, 163,383 existing ordinary shares of 0.25 pence in the Company ("Shares") held by the UP Global Sourcing Employee Benefit Trust (the "EBT"). Of the 163,383 Shares allocated from the EBT in satisfying the option exercises, 66,550 Shares were sold in the market at a price of 140 pence per Share.
Pursuant to the above, Jenny Stewart and David Bloomfield, both persons discharging managerial responsibilities ("PDMR"), exercised options over 73,567 Shares and 39,625 Shares respectively. Of those options exercised, Mr Bloomfield sold 37,008 Shares in the market, further details of which are set out at the end of this announcement.
Following the above transactions, the EBT holds 2,954,858 Shares, representing approximately 3.32% of the Company's issued share capital.
The current issued share capital of the Company remains 89,312,457 Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the FCA.
For more information, please contact:
Ultimate Products +44 (0) 161 627 1400
Simon Showman, CEO
Andrew Gossage, Managing Director
Chris Dent, Chief Financial Officer
Shore Capital +44 (0) 20 7408 4090
Mark Percy
David Coaten
Malachy McEntyre
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)
Details of PDMR / person closely associated with them 1. ( 'PCA') a) Name Jenny Stewart --------------------- ------------------------------------------------- Details of PDMR / person closely associated with them 2. ( 'PCA') ------------------------------------------------------------------------ a) Position / Commercial Director status --------------------- ------------------------------------------------- b) Initial notification Initial notification / amendment --------------------- ------------------------------------------------- Details of the issuer, emission allowance market participant, 3. auction platform, auctioneer or auction monitor ------------------------------------------------------------------------ a) Name UP Global Sourcing Holdings Plc --------------------- ------------------------------------------------- b) LEI 213800Q5GWTVIW6KJW33 --------------------- ------------------------------------------------- Details of the transaction(s): section to be repeated 4. 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 Ordinary shares of 0.25p each in the capital of the financial of UP Global Sourcing Holdings plc ("Shares") instrument ISIN: GB00BYX7MG58 --------------------- ------------------------------------------------- d) Nature of Exercise of options over Shares pursuant the transaction to the Company's UP Global Sourcing Performance Share Plan 2017 --------------------- ------------------------------------------------- e) Price and Price (PENCE) Volume volume Exercise of Options 0.25 11,772 -------------- ------- Exercise of Options 59.17 27,853 -------------- ------- --------------------- ------------------------------------------------- f) Aggregated information Aggregated Option Shares: 39,625 volume Option Shares: 41.67 pence Price --------------------- ------------------------------------------------- g) Date of the 25 April 2023 transaction --------------------- ------------------------------------------------- h) Place of the Off-market transaction --------------------- ------------------------------------------------- Details of PDMR / person closely associated with them 1. ( 'PCA') a) Name David Bloomfield --------------------- ------------------------------------------------- Details of PDMR / person closely associated with them 2. ( 'PCA') ------------------------------------------------------------------------ a) Position / Supply Chain Director status --------------------- ------------------------------------------------- b) Initial notification Initial notification / amendment --------------------- ------------------------------------------------- Details of the issuer, emission allowance market participant, 3. auction platform, auctioneer or auction monitor ------------------------------------------------------------------------ a) Name UP Global Sourcing Holdings Plc --------------------- ------------------------------------------------- b) LEI 213800Q5GWTVIW6KJW33 --------------------- ------------------------------------------------- Details of the transaction(s): section to be repeated 4. 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 Ordinary shares of 0.25p each in the capital of the financial of UP Global Sourcing Holdings plc ("Shares") instrument ISIN: GB00BYX7MG58 --------------------- ------------------------------------------------- d) Nature of Exercise of options over Shares pursuant the transaction to the Company's UP Global Sourcing Performance Share Plan 2017 Sale of Shares --------------------- ------------------------------------------------- e) Price and Price (PENCE) Volume volume Exercise of Options 0.25 43,147 -------------- ------- Exercise of Options 59.17 30,420 -------------- ------- Sale of Shares 140 37,008 -------------- ------- --------------------- ------------------------------------------------- f) Aggregated information Aggregated Option Shares: 73,567 volume Option Shares: 24.61 pence Price Sale of Shares: as above --------------------- ------------------------------------------------- g) Date of the 25 April 2023 transaction --------------------- ------------------------------------------------- h) Place of the Exercise of options off-market and sale transaction of Shares on-market --------------------- -------------------------------------------------
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 Cologne, Germany.
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.upgs.com
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April 26, 2023 02:00 ET (06:00 GMT)
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