REG - Ultimate Products - Grant of Options under Performance Share Plan

Ultimate ProductsAnnouncement

12/02/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260212:nRSL6732Sa&default-theme=true

RNS Number : 6732S  Ultimate Products PLC  12 February 2026

 

12 February 2026

Ultimate Products plc

("Ultimate Products", "UP" or "the Group")

 

Grant of Options under the Group's Performance Share Plan

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 the grant of 950,000 options over ordinary shares of 0.25p each in
the capital of the Company ("Ordinary Shares") (the "Options"), to certain
persons discharging managerial responsibilities ("PDMRs"). The Options were
granted on 11 February 2026 to further align the interests of the senior
management team with the Company's shareholders.

 

 PDMR              Options granted under the PSP  Options held prior to grant  Total number of options held following grant  Total number of Options held as % of issued share capital
 Christopher Dent  200,000                        38,081                       238,081                                       0.28%
 David Bloomfield  150,000                        100,536                      250,536                                       0.29%
 Duncan Singleton  150,000                        28,144                       178,144                                       0.21%
 Tracy Carroll     150,000                        35,305                       185,305                                       0.21%
 Katie Maxwell     150,000                        14,053                       164,053                                       0.19%
 Craig Holden      150,000                        58,791                       208,791                                       0.24%

 

The Options have been granted under the rules of the Group's Performance Share
Plan ("PSP") adopted following the Annual General Meeting in 2017 with a view
to retaining and incentivising members of senior management. The Options vest
in three equal tranches after 30, 42 and 52 months, and have an exercise price
of 53.6 pence per share, representing the closing mid-market price on 10
February 2026. Accordingly, their value will be tied to any future increase in
share price.

 

In addition, the Management Incentive Plan ("MIP"), which was established at
the time of the IPO, will lapse on 28 February 2026. There are currently
options over 2,149,557 shares which remain unvested under the MIP. Following
the issue of these new Options under the PSP and on the lapse of the MIP there
will be 2,593,291 shares under option in total, representing approximately
3.0% of the Company's issued share capital. It continues to be the Board's
intention that the exercise of these and other share options will be satisfied
through the 2,934,014 Ordinary Shares currently held in trust by the Ultimate
Products Employee Benefit Trust.

 

Andrew Gossage, Chief Executive of Ultimate Products, said:

"Over the past six months, those members of our senior leadership team who
were promoted to C-suite roles have performed strongly at that level, and
taken greater responsibility for the business's operational and strategic
direction. These awards recognise that progress, support the development of
leaders who will play a pivotal role in the next phase of Ultimate Products'
long-term ambitions, and do so in a way that keeps their interests aligned
with those of all shareholders."

 

For more information, please contact:

 

Ultimate Products +44 (0) 161 627 1400

Andrew Gossage, CEO

Chris Dent, CFO

 

Cavendish Capital Markets Limited (Nomad and joint Broker) + 44 (0)20 7220
0500

Matt Goode/ Callum Davidson/ Trisyia Jamaludin (Corporate Finance)

Matt Lewis (Corporate Broking)

 

Shore Capital (Joint Broker) +44 (0) 20 7408 4090

Malachy McEntyre/ Isobel Jones (Corporate Broking)

Mark Percy / David Coaten / Harry Davies-Ball (Corporate Advisory)

 

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 in over 30 countries - spanning
discounters, supermarkets and general retailers, and ranging from large
national and international multi-channel retailers to smaller retail chains.
Its products are also available on Salter.com
(https://protect.checkpoint.com/v2/r02/___https:/url.uk.m.mimecastprotect.com/s/W8FhCqZypsX16GRuZf6uEDrQL?domain=salter.com/___.YXAxZTpzaG9yZWNhcDpjOm86NzE5NWFlMmNkMGUyMmNhNDNjODYxODA4OTg2MzMzODY6NzplMDVmOjcyYjRjYzJhNzJjZGNjNTVjY2Q3M2VlMjM3MWMzYWNlYjY1ODAwNDViNWJmOTJhZjNkMmZjMmE0Y2RlYTIzNWE6cDpGOk4)
 and Beldray.com
(https://protect.checkpoint.com/v2/r02/___https:/url.uk.m.mimecastprotect.com/s/rV0GCr9zqt2r3X6Czh8u4RwE-?domain=beldray.com/___.YXAxZTpzaG9yZWNhcDpjOm86NzE5NWFlMmNkMGUyMmNhNDNjODYxODA4OTg2MzMzODY6NzplMDVkOjNhNTBkOWQ3Y2IwYTc3YjY0NjYyZDE4NDAxMDdiNDYzNzJmNjk5ZWNlNzI3M2E0OGI4YjBhZjQ1MTFiZjA5YmY6cDpGOk4)
, as well as major third-party online marketplaces. The Group specialises in
five product categories: Small Domestic Appliances; Housewares; Laundry;
Audio; and Heating and Cooling. Other UP brands include Progress (cookware and
bakeware), Kleeneze (laundry and floorcare), Petra (small domestic appliances)
and Intempo (audio).

 

Founded in 1997, Ultimate Products 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. Ultimate Products employs over
300 staff and is certified as a Great Place to Work®. A significant number of
its employees joined via the Group's Graduate Development Scheme, one of the
biggest in the North West.

 

Please note that Ultimate Products is not the owner of Russell Hobbs. The
Group 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 (http://www.upplc.com) .
 

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Chris Dent
 2.  Details of PDMR / person closely associated with them ('PCA')
 a)  Position / status                        Chief Financial Officer
 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;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 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                Grant of options over Ordinary Shares pursuant to the Group's Performance
                                              Share Plan
 e)  Price and volume

Type              Price (PENCE)  Volume
                                              Grant of Options  53.6           200,000

 

 f)  Aggregated information

                                              As above.

      Aggregated volume

      Price
 g)  Date of the transaction                  11 February 2026
 h)  Place of the transaction                 Grant of options off-market

 

 

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

As above.

 

g)

Date of the transaction

11 February 2026

h)

Place of the transaction

Grant of options off-market

 

 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                        Chief Supply Chain Officer
 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;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 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                Grant of options over Ordinary Shares pursuant to the Group's Performance
                                              Share Plan
 e)  Price and volume

Type              Price (PENCE)  Volume
                                              Grant of Options  53.6           150,000

 

 f)  Aggregated information

                                              As above.

      Aggregated volume

      Price
 g)  Date of the transaction                  11 February 2026
 h)  Place of the transaction                 Grant of options off-market

 

 

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

As above.

 

g)

Date of the transaction

11 February 2026

h)

Place of the transaction

Grant of options off-market

 

 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                        Chief Commercial Officer
 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;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 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                Grant of options over Ordinary Shares pursuant to the Group's Performance
                                              Share Plan
 e)  Price and volume

Type              Price (PENCE)  Volume
                                              Grant of Options  53.6           150,000

 

 f)  Aggregated information

                                              As above.

      Aggregated volume

      Price
 g)  Date of the transaction                  11 February 2026
 h)  Place of the transaction                 Grant of options off-market

 

 

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

As above.

 

g)

Date of the transaction

11 February 2026

h)

Place of the transaction

Grant of options off-market

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Tracy Carroll
 2.  Details of PDMR / person closely associated with them ('PCA')
 a)  Position / status                        Chief Marketing Officer
 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;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 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                Grant of options over Ordinary Shares pursuant to the Group's Performance
                                              Share Plan
 e)  Price and volume

Type              Price (PENCE)  Volume
                                              Grant of Options  53.6           150,000

 

 f)  Aggregated information

                                              As above.

      Aggregated volume

      Price
 g)  Date of the transaction                  11 February 2026
 h)  Place of the transaction                 Grant of options off-market

 

 

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

As above.

 

g)

Date of the transaction

11 February 2026

h)

Place of the transaction

Grant of options off-market

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Katie Maxwell
 2.  Details of PDMR / person closely associated with them ('PCA')
 a)  Position / status                        Chief Product Officer
 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;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 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                Grant of options over Ordinary Shares pursuant to the Group's Performance
                                              Share Plan
 e)  Price and volume

Type              Price (PENCE)  Volume
                                              Grant of Options  53.6           150,000

 

 f)  Aggregated information

                                              As above.

      Aggregated volume

      Price
 g)  Date of the transaction                  11 February 2026
 h)  Place of the transaction                 Grant of options off-market

 

 

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

As above.

 

g)

Date of the transaction

11 February 2026

h)

Place of the transaction

Grant of options off-market

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Craig Holden
 2.  Details of PDMR / person closely associated with them ('PCA')
 a)  Position / status                        Chief Operating Officer
 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;

(ii) each type of transaction; (iii) each date; and (iv) each place where
     transactions have been conducted
 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                Grant of options over Ordinary Shares pursuant to the Group's Performance
                                              Share Plan
 e)  Price and volume

Type              Price (PENCE)  Volume
                                              Grant of Options  53.6           150,000

 

 f)  Aggregated information

                                              As above.

      Aggregated volume

      Price
 g)  Date of the transaction                  11 February 2026
 h)  Place of the transaction                 Grant of options off-market

 

 

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

As above.

 

g)

Date of the transaction

11 February 2026

h)

Place of the transaction

Grant of options off-market

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHAKDBPCBKDFBD



            Copyright 2019 Regulatory News Service, all rights reserved