4 October 2023
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Supreme plc
("Supreme," the "Company" or the "Group")
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Director Share Purchase
Supreme (AIM:SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer products, has been notified on 3 October 2023 that, Sandeep Singh Chadha, Chief Executive Officer, purchased the following Ordinary Shares in the Company:
Date of purchase | Ordinary Shares purchased | Price per Ordinary Share (£) |
02/10/2023 | 1,570 | 1.25 |
02/10/2023 | 153,430 | 1.26674 |
29/09/2023 | 65,000 | 1.23862 |
Total: | 220,000 |
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The above acquisitions were made by Supreme 8 Limited, a company wholly owned by Mr Chadha.
In addition, the Company has been notified on 3 October 2023 that the Chadha Discretionary Trust 2020, a person closely associated (PCA) of Sandeep Singh Chadha, Chief Executive Officer, purchased the following Ordinary Shares in the Company:
Date of purchase | Ordinary Shares purchased | Price per Ordinary Share (£) |
02/10/2023 | 50,000 | 1.2815 |
29/09/2023 | 30,000 | 1.235 |
29/09/2023 | 90,000 | 1.178778 |
Total: | 170,000 |
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Following these purchases, Mr. Chadha now has a total beneficial interest in 67,266,845 Ordinary Shares, representing 57.34% of the current issued share capital of the Company.
The Group's current share capital consists of 117,321,126 Ordinary Shares with voting rights.
Further details of the PDMR dealing are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)Â | Name | Sandeep Singh (Sandy) Chadha | ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO / PDMR | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Supreme plc | ||||
b) | LEI | 213800DBHCI5WQWECL16 | ||||
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 | |||||
a)  | Description of the financial instrument, type of instrument  Identification code  |  Ordinary Shares   GB00BDT89C08  | ||||
b) | Nature of the transaction | Direct purchase of shares | ||||
c) Â | Price(s) and volume(s) | Â
  | ||||
d)  | Aggregated information - Aggregated volume - Price | 220,000 Ordinary Shares £276,828.72 | ||||
e) | Date of the transaction | 29 September 2023 - 2 October 2023 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a)Â | Name | the Chadha Discretionary Trust 2020 | ||||
2 | Reason for the notification | |||||
a) | Position/status | PCA of Sandeep Singh (Sandy) Chadha CEO / PDMR | ||||
b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Supreme plc | ||||
b) | LEI | 213800DBHCI5WQWECL16 | ||||
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 | |||||
a)  | Description of the financial instrument, type of instrument  Identification code  |  Ordinary Shares   GB00BDT89C08  | ||||
b) | Nature of the transaction | Direct purchase of shares | ||||
c) Â | Price(s) and volume(s) | Â
  | ||||
d)  | Aggregated information - Aggregated volume - Price | 170,000 Ordinary Shares £207,215.02 | ||||
e) | Date of the transaction | 29 September 2023 - 2 October 2023 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
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Enquiries:
Supreme plc Sandy Chadha, Chief Executive Officer Suzanne Smith, Chief Finance Officer  | via Vigo Consulting  |
Grant Thornton UK LLP (Nominated Adviser) Samantha Harrison / Harrison Clarke / Samuel Littler  | +44 (0)20 7383 5100 |
Berenberg (Broker) Mark Whitmore / Mara Grasso  | +44 (0)20 3207 7800 |
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Kendall Hill supreme@vigoconsulting.com | +44 (0)20 7390 0230 |
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About Supreme
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Supreme supplies products across five key categories; batteries, lighting, vaping, sports nutrition & wellness, and branded household consumer goods. The Company's capabilities span from product development and manufacturing through to its extensive retail distribution network and direct to consumer capabilities. This vertically integrated platform provides an excellent route to market for well-known brands and products.
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The Group has over 3,300 active business accounts with retail customers who manage over 10,000 branded retail outlets. Customers include B&M, Home Bargains, Poundland, The Range, Sainburys, Sports Direct, Londis, SPAR, Costcutter, Asda, Halfords, Iceland and HM Prison & Probation Service. Â
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In addition to distributing globally-recognised brands such as Duracell, Energizer and Panasonic, and supplying lighting products exclusively under the Energizer, Eveready and JCB licences across 45 countries, Supreme has also developed brands in-house, most notably 88Vape and has a growing footprint in Sports Nutrition and Wellness.
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