REG - Ultimate Products - Grant of Options under the Employee Share Scheme

Ultimate ProductsAnnouncement

06/11/2025 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:20251106:nRSF3577Ga&default-theme=true

RNS Number : 3577G  Ultimate Products PLC  06 November 2025

6 November 2025

 

Ultimate Products plc

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

 

Grant of Options under the Employee Share Scheme

 

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 following grant of deferred share awards, including grants to
certain persons discharging managerial responsibilities ("PDMRs").

Deferred Bonus Awards

Following the release of its final results for the year ended 31 July 2025,
the Group, on 5 November 2025, granted deferred share awards in the form of
options over 203,925 ordinary shares in the Company (the "UPIP Options"), of
which 46,688 UPIP Options were awarded to certain PDMRs (as set out in the
table below).

 

 PDMR              Options granted under the UPIP  Options held prior to grant  Total number of options held following grant  Total number of Options held as % of issued share capital
 David Bloomfield  7,000                           96,743                       103,743                                       0.12%
 Emma Rawley       7,188                           64,060                       71,248                                        0.08%
 Tracy Carroll     32,500                          18,081                       50,581                                        0.06%

 

The UPIP Options have been granted under the rules of the Company's Incentive
Plan (the "UPIP") with a view to retaining and incentivising certain members
of senior management, and were adopted following the Company's Annual General
Meeting in 2023. As in previous periods, Andrew Gossage, CEO, and Simon
Showman, Founder and President, are not participating in any grant of options
under the UPIP. As the Group did not deliver its target level of performance,
no awards have been made to Chris Dent, CFO.

 

Total Share Options, EBT and Issued Share Capital

Following the above grants, the Company has a total of 6,304,086 share options
outstanding. The EBT holds 2,699,745 ordinary shares, representing
approximately 3.13% of the Company's issued share capital. The current issued
share capital of the Company remains 86,330,132 ordinary 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 Products +44 (0) 161 627 1400

Andrew Gossage, CEO

Chris Dent, CFO

 

Shore Capital +44 (0) 20 7408 4090

Malachy McEntyre / Isobel Jones (Corporate Broking)

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

 

Cavendish Capital Markets Limited + 44 (0)20 7220 0500

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

Matt Lewis (Corporate Broking)

 

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://salter.com/) and
Beldray.com (https://beldray.com/) , 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 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
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 (http://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                        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
                                              ("Ordinary Shares")

                                              ISIN: GB00BYX7MG58
 d)  Nature of the transaction                Grant of Deferred Share Awards as options over Ordinary Shares pursuant to the
                                              Company's Ultimate Products Incentive Plan 2023

 e)  Price and volume                         Price (PENCE)  Volume
                                              Grant of Options  0.00           7,000
 f)  Aggregated information

      Aggregated volume

                                              As above.

      Price

 g)  Date of the transaction                  5 November 2025
 h)  Place of the transaction                 Grant of options off-market

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

 

 

As above.

 

 

g)

Date of the transaction

5 November 2025

h)

Place of the transaction

Grant of options off-market

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Emma Greenhalgh (Rawley)
 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;

(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
                                              ("Ordinary Shares")

                                              ISIN: GB00BYX7MG58
 d)  Nature of the transaction                Grant of Deferred Share Awards as options over Ordinary Shares pursuant to the
                                              Company's Ultimate Products Incentive Plan 2023

 e)  Price and volume                         Price (PENCE)  Volume
                                              Grant of Options  0.00           7,188
 f)  Aggregated information

      Aggregated volume

                                              As above.

      Price

 g)  Date of the transaction                  5 November 2025
 h)  Place of the transaction                 Grant of options off-market

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

 

 

As above.

 

 

 

g)

Date of the transaction

5 November 2025

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
                                              ("Ordinary Shares")

                                              ISIN: GB00BYX7MG58
 d)  Nature of the transaction                Grant of Deferred Share Awards as options over Ordinary Shares pursuant to the
                                              Company's Ultimate Products Incentive Plan 2023

 e)  Price and volume                         Price (PENCE)  Volume
                                              Grant of Options  0.00           32,500
 f)  Aggregated information

      Aggregated volume

                                              As above.

      Price
 g)  Date of the transaction                  5 November 2025
 h)  Place of the transaction                 Grant of options off-market

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

 

 

As above.

 

g)

Date of the transaction

5 November 2025

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  DSHBUBDBUSGDGUU



            Copyright 2019 Regulatory News Service, all rights reserved