UP Global Sourcing Holdings PLC PDMR Dealing (1696Z)

TIDMUPGS

RNS Number : 1696Z

UP Global Sourcing Holdings PLC

12 May 2023

12 May 2023

UP Global Sourcing Holdings PLC

"Ultimate Products", the "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 11(th) May 2023 that Chris Dent, Chief Financial Officer, on the same day purchased 2,500 ordinary shares of 0.25p each ("Ordinary Shares") in the Company at a price of 130.231p per share. Following this purchase, Mr Dent has a beneficially interest in 70,000 Ordinary Shares representing approximately 0.08% of the Company's issued share capital.

For more information please contact:

 
 UP Global Sourcing Holdings   [phone] 
  plc                           Simon Showman, CEO 
                                Andrew Gossage, Managing Director 
                                Chris Dent , Chief Financial 
                                Officer 
 Powerscourt                   [phone] 
                                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                                                            Chris Dent 
       --------------------------------------------------------------  --------------------------------------------- 
        Details of PDMR / person closely associated with them 
  2.     ( 'PCA') 
       ------------------------------------------------------------------------------------------------------------- 
 a)     Position /                                                      Chief Financial Officer 
         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 
         instrument                                                     ISIN: GB00BYX7MG58 
       --------------------------------------------------------------  --------------------------------------------- 
 d)     Nature of                                                       Purchase of Ordinary Shares 
         the transaction 
       --------------------------------------------------------------  --------------------------------------------- 
 e)     Price and                                                                     Price (PENCE)   Volume 
         volume                                                          Chris Dent    130.231         2,500 
                                                                                      --------------  ------- 
       --------------------------------------------------------------  --------------------------------------------- 
        Aggregated 
         information 
 
         Aggregated                                                       2,500 
         volume 
 
 f)      Price                                                            130.231p 
       --------------------------------------------------------------  --------------------------------------------- 
 g)     Date of the                                                     11 May 2023 
         transaction 
       --------------------------------------------------------------  --------------------------------------------- 
 h)     Place of the                                                    London Stock Exchange (XLON) 
         transaction 
       --------------------------------------------------------------  --------------------------------------------- 
 
 

Notes to Editors

About Ultimate Products

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 350 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 (NB this does not include Russell Hobbs electrical appliances).

For further information, please visit www.upgs.com

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May 12, 2023 02:00 ET (06:00 GMT)