REG - Ultimate Products - Transaction in Own Shares and Total Voting Rights

Ultimate ProductsAnnouncement

13/05/2024 07:00

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RNS Number : 0669O  Ultimate Products PLC  13 May 2024

 

Ultimate Products plc

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

 

Transaction in Own Shares

and

Total Voting Rights

 

Further to its announcement on 10 May 2024 of the commencement of a share
buyback programme, 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 it has purchased for cancellation,
through Shore Capital Stockbrokers Limited, the following ordinary shares of
0.25 pence each in the Company ("Ordinary Shares").

 

 Date of purchase:                                                     10 May 2024
 Number of Ordinary Shares purchased (aggregated volume):              29,000
 Highest price paid per Ordinary Share (pence):                        149
 Lowest price paid per Ordinary Share (pence):                         135.75
 Volume weighted average price paid per share Ordinary Share (pence):  141.97

 

Following the cancellation of the Ordinary Shares, the Company's issued share
capital will consist of 89,283,457 Ordinary Shares. This figure represents the
total voting rights in the Company 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.

 

In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018, a detailed breakdown of individual trades is available below:

 

 Number of shares purchased  Transaction price   Time of transaction  Venue

(pence per share)
 15,000                      135.75              08.28.38             XLON
 6,000                       149                 09.36.38             XLON
 3,000                       149                 10.07.28             XLON
 5,000                       148                 10.29.36             XLON

 

 

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)

 

Powerscourt +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
(https://url.avanan.click/v2/___http:/www.upplc.com/___.YXAxZTpzaG9yZWNhcDphOm86NDA2ZGRkNGUzYzZiMGJkNzM2ZjhlOWMzYjljYTZmZWI6NjpiZGYyOjkxZjUxNGE0MjE5NTA5MTViMmU2MGU3ODRhZjg2YTc1MDFhMTRlMDJlZjExODU2YzFlZDk3NDgwYmI2NjRiZDY6cDpU)
.

 

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