31 January 2023
UP Global Sourcing Holdings plc
"Ultimate Products" or the "Group"
PDMR dealing
Shares transferred to The Showmanrose Foundation charitable trust
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 31 January 2023 Simon Showman, Chief Executive Officer, gifted a further 200,000 ordinary shares of 0.25p each in the Company ("Ordinary Shares") for nil consideration to The Showmanrose Foundation, a charitable trust. Following this gift, The Showmanrose Foundation now has an interest in 300,000 Ordinary Shares.
For more information, please contact:
Ultimate Products +44 (0) 161 627 1400
Simon Showman, CEO
Andrew Gossage, Managing Director
Chris Dent, Chief Financial Officer
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 | Simon Showman
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| 2. | Details of PDMR / person closely associated with them ('PCA') | |||||||||||
| a) | Position / status | Chief Executive Officer | ||||||||||
| b) | Initial notification / amendment | 31 January 2023 | ||||||||||
| 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; | |||||||||||
| c) | Description of the financial instrument | Ordinary shares of 0.25p each in the capital of UP Global Sourcing Holdings plc ISIN: GB00BYX7MG58 | ||||||||||
| d) | Nature of the transaction | Gift of Ordinary Shares | ||||||||||
| e) | Price and volume |
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| f) | Aggregated information
Aggregated volume
Price |
200,000 Ordinary Shares gifted and 200,000 Ordinary Shares acquired
Nil pence
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| g) | Date of the transaction | 31 January 2023 | ||||||||||
| h) | Place of the transaction | Off-market | ||||||||||
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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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