Ultimate Products plc
("Ultimate Products", "Company" or "the Group")
Director/PDMR 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 27 September 2024, David Bloomfield, Supply Chain Director, and his wife, Susan Bloomfield, each sold 60,000 ordinary shares of 0.25p each ("Ordinary Shares") in the Company at a price of 136 pence per Ordinary Share.
The Company also announces that it has today been informed that Duncan Singleton, Trading Director, has effected the following transactions:
1. on 24 September 2024, Duncan effected a "Bed and ISA" by selling 14,409 Ordinary Shares from his dealing account and immediately repurchasing the same number of Ordinary Shares into his ISA, each at a price of £1.40 per Ordinary Share; and
2. on 25 September 2024, Duncan effected a "Bed and ISA" by selling 14,383 Ordinary Shares from his dealing account and immediately repurchasing the same number of Ordinary Shares into his ISA, each at a price of £1.38 per Ordinary Share.
Further details of the above dealings are set out at the end of this announcement.
The person responsible for arranging the release of this announcement on behalf of the Company is Chris Dent, CFO.
For more information, please contact:
Ultimate Products +44 (0) 161 627 1400
Andrew Gossage, CEO
Chris Dent, CFO
Shore Capital +44 (0) 20 7408 4090
Mark Percy
Malachy McEntyre
David Coaten
Harry Davies-Ball
Isobel Jones
Cavendish Capital Markets Limited + 44 (0)20 7220 0500
Carl Holmes (Corporate Finance)
Matt Goode (Corporate Finance)
Abigail Kelly (Corporate Finance)
Charlie Combe (ECM)
Sodali & Co +44 (0) 207 250 1446
Rob Greening
Sam Austrums
Oliver Banks
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 Paris, France.
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.upplc.com.
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 | David Bloomfield | ||||||
| 2. | Details of PDMR / person closely associated with them ('PCA') | |||||||
| a) | Position / status | Supply Chain Director | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Ultimate Products 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 Ultimate Products plc ISIN: GB00BYX7MG58 | ||||||
| d) | Nature of the transaction | Sale of Ordinary Shares | ||||||
| e) | Price and volume |
| ||||||
| f) | Aggregated information
Aggregated volume
Price |
| ||||||
| g) | Date of the transaction | 27 September 2024 | ||||||
| h) | Place of the transaction | London Stock Exchange (XLON) | ||||||
| 1. | Details of PDMR / person closely associated with them ('PCA') | |||||||
| a) | Name | Susan Bloomfield | ||||||
| 2. | Details of PDMR / person closely associated with them ('PCA') | |||||||
| a) | Position / status | Person Closely Associated with David Bloomfield, Supply Chain Director | ||||||
| b) | Initial notification / amendment | Initial notification | ||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a) | Name | Ultimate Products 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 Ultimate Products plc ISIN: GB00BYX7MG58 | ||||||
| d) | Nature of the transaction | Sale of Ordinary Shares | ||||||
| e) | Price and volume |
| ||||||
| f) | Aggregated information
Aggregated volume
Price |
| ||||||
| g) | Date of the transaction | 27 September 2024 | ||||||
| h) | Place of the transaction | London Stock Exchange (XLON) | ||||||
| 1. |
| Details of PDMR / person closely associated with them ('PCA') | ||||||||||
| a) | | Name | Duncan Singleton | |||||||||
| 2. |
| Details of PDMR / person closely associated with them ('PCA') | ||||||||||
| a) | | Position / status | Trading Director | |||||||||
| b) | | Initial notification / amendment | Initial notification | |||||||||
| 3. |
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
| a) | | Name | Ultimate Products 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 Ultimate Products plc ISIN: GB00BYX7MG58 | |||||||||
| d) | | Nature of the transaction | Sale and repurchase of Ordinary Shares through a "Bed and ISA" arrangement | |||||||||
| e) | | Price and volume |
| |||||||||
| f) | | Aggregated information
Aggregated volume
Price |
| |||||||||
| g) | | Date of the transaction | 24 September 2024 | |||||||||
| h) | | Place of the transaction | London Stock Exchange (XLON) | |||||||||
| 1. |
| Details of PDMR / person closely associated with them ('PCA') | ||||||||||
| a) | | Name | Duncan Singleton | |||||||||
| 2. |
| Details of PDMR / person closely associated with them ('PCA') | ||||||||||
| a) | | Position / status | Trading Director | |||||||||
| b) | | Initial notification / amendment | Initial notification | |||||||||
| 3. |
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
| a) | | Name | Ultimate Products 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 Ultimate Products plc ISIN: GB00BYX7MG58 | |||||||||
| d) | | Nature of the transaction | Sale and repurchase of Ordinary Shares through a "Bed and ISA" arrangement | |||||||||
| e) | | Price and volume |
| |||||||||
| f) | | Aggregated information
Aggregated volume
Price |
| |||||||||
| g) | | Date of the transaction | 25 September 2024 | |||||||||
| h) | | Place of the transaction | London Stock Exchange (XLON) | |||||||||
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