TIDMULTP
RNS Number : 5720Y
Ultimate Products PLC
04 January 2024
4 January 2024
Ultimate Products plc
("Ultimate Products", "Company" or "the Group")
Exercise of SAYE options
PDMR dealings
and
EBT Shareholding
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 3 January 2024, under its
Save As You Earn Scheme (the "SAYE Scheme"), 348,528 share options
were exercised at a price of 73.90 pence per option and were
satisfied by the transfer of 348,528 existing ordinary shares of
0.25 pence in the Company ("Shares") held by the UP Global Sourcing
Employee Benefit Trust (the "EBT").
Pursuant to the above, David Bloomfield, Emma Rawley, Peter
Rawley, Jennifer Stewart and Duncan Singleton, persons discharging
managerial responsibilities ("PDMRs"), each exercised options over
12,178 Shares (60,890 Shares in aggregate), further details of
which are set out at the end of this announcement.
Following the above transactions, the EBT holds 2,319,206
Shares, representing approximately 2.60% 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 Product s +44 (0) 161 627 1400
Simon Showman, CEO
Andrew Gossage, Managing Director
Chris Dent, Chief Financial Officer
Shore Capital +44 (0) 207 408 4090
Mark Percy
David Coaten
Iain Sexton
Malachy McEntyre
Isobel Jones
Cavendish Capital Markets Limited + 44 (0)20 7220 0500
Carl Holmes
Matt Goode
Abigail Kelly
Powerscourt +44 (0) 207 250 1446
Rob Greening
Sam Austrums
Oliver Banks
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 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 Ultimate Products 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 Ultimate Products plc ("Shares")
instrument ISIN: GB00BYX7MG58
--------------------- -----------------------------------------------
d) Nature of Exercise of options over Shares pursuant
the transaction to the Company's Save As You Earn Scheme
--------------------- -----------------------------------------------
e) Price and Price (PENCE) Volume
volume Exercise of Options 73.90 12,178
-------------- -------
--------------------- -----------------------------------------------
f) Aggregated
information
Aggregated Option Shares: as above
volume
Price
--------------------- -----------------------------------------------
g) Date of the 3 January 2024
transaction
--------------------- -----------------------------------------------
h) Place of the Exercise of options off-market
transaction
--------------------- -----------------------------------------------
Details of PDMR / person closely associated with them
1. ('PCA')
a) Name Emma Rawley
--------------------- -----------------------------------------------
Details of PDMR / person closely associated with them
2. ( 'PCA')
----------------------------------------------------------------------
a) Position / Trading 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 Ultimate Products 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 Ultimate Products plc ("Shares")
instrument ISIN: GB00BYX7MG58
--------------------- -----------------------------------------------
d) Nature of Exercise of options over Shares pursuant to
the transaction the Company's Save As You Earn Scheme
--------------------- -----------------------------------------------
e) Price and Price (PENCE) Volume
volume Exercise of Options 73.90 12,178
-------------- -------
--------------------- -----------------------------------------------
f) Aggregated
information
Aggregated Option Shares: as above
volume
Price
--------------------- -----------------------------------------------
g) Date of the 3 January 2024
transaction
--------------------- -----------------------------------------------
h) Place of the Exercise of options off-market
transaction
--------------------- -----------------------------------------------
Details of PDMR / person closely associated with them
1. ('PCA')
a) Name Peter Rawley
--------------------- -----------------------------------------------
Details of PDMR / person closely associated with them
2. ( 'PCA')
----------------------------------------------------------------------
a) Position / Trading 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 Ultimate Products 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 Ultimate Products plc ("Shares")
instrument ISIN: GB00BYX7MG58
--------------------- -----------------------------------------------
d) Nature of Exercise of options over Shares pursuant to
the transaction the Company's Save As You Earn Scheme
--------------------- -----------------------------------------------
e) Price and Price (PENCE) Volume
volume Exercise of Options 73.90 12,178
-------------- -------
--------------------- -----------------------------------------------
f) Aggregated
information
Aggregated Option Shares: as above
volume
Price
--------------------- -----------------------------------------------
g) Date of the 3 January 2024
transaction
--------------------- -----------------------------------------------
h) Place of the Exercise of options off-market
transaction
--------------------- -----------------------------------------------
Details of PDMR / person closely associated with them
1. ('PCA')
a) Name Jennifer 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 Ultimate Products 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 Ultimate Products plc ("Shares")
instrument ISIN: GB00BYX7MG58
--------------------- -----------------------------------------------
d) Nature of Exercise of options over Shares pursuant to
the transaction the Company's Save As You Earn Scheme
--------------------- -----------------------------------------------
e) Price and Price (PENCE) Volume
volume Exercise of Options 73.90 12,178
-------------- -------
--------------------- -----------------------------------------------
f) Aggregated
information
Aggregated Option Shares: as above
volume
Price
--------------------- -----------------------------------------------
g) Date of the 3 January 2024
transaction
--------------------- -----------------------------------------------
h) Place of the Exercise of options off-market
transaction
--------------------- -----------------------------------------------
Details of PDMR / person closely associated with them
1. ('PCA')
a) Name Duncan Singleton
--------------------- -----------------------------------------------
Details of PDMR / person closely associated with them
2. ( 'PCA')
----------------------------------------------------------------------
a) Position / Trading 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 Ultimate Products 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 Ultimate Products plc ("Shares")
instrument ISIN: GB00BYX7MG58
--------------------- -----------------------------------------------
d) Nature of Exercise of options over Shares pursuant to
the transaction the Company's Save As You Earn Scheme
--------------------- -----------------------------------------------
e) Price and Price (PENCE) Volume
volume Exercise of Options 73.90 12,178
-------------- -------
--------------------- -----------------------------------------------
f) Aggregated
information
Aggregated Option Shares: as above
volume
Price
--------------------- -----------------------------------------------
g) Date of the 3 January 2024
transaction
--------------------- -----------------------------------------------
h) Place of the Exercise of options off-market
transaction
--------------------- -----------------------------------------------
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 more than
40 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 Paris, France.
Please note that Ultimate Products is not the owner of Russell
Hobbs. The Company 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.upplc.com
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END
DSHQXLFBZFLZBBF
(END) Dow Jones Newswires
January 04, 2024 02:00 ET (07:00 GMT)
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