Ultimate Products - Director/PDMR Shareholding

Ultimate Products

26/07/2024 07:00

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RNS Number : 9300X  Ultimate Products PLC  26 July 2024

 

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 25 July 2024, Simon Showman, Founder and Chief Commercial
Officer, sold 45,720 ordinary shares of 0.25p each ("Ordinary Shares") in the
Company at a price of 137 pence per Ordinary Share and each of his three adult
children's ISAs purchased 15,240 Ordinary Shares at a price of 137 pence per
share.

 

The Company also announces that on 15 July 2024 Simon Showman's wife, Hayley
Showman, gifted 200,000 Ordinary Shares for nil consideration to The
Showmanrose Foundation, a charitable trust.

 

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

 

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                                     Simon Showman
 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                Sale of 45,720 Ordinary Shares by Simon Showman and purchase of 15,240
                                              Ordinary Shares by each of his adult children's ISAs
 e)  Price and volume

Type           Price (PENCE)  Volume
                                              Simon Showman  137            45,720
                                              Dylan Rose     137            15,240
                                              Alfie Showman  137            15,240
                                              Jack Showman   137            15,240

 
 f)  Aggregated information

Type  Aggregate Price  Aggregate Volume
                                              Sale  137              45,720

      Aggregated volume

      Price
 g)  Date of the transaction                  25 July 2024
 h)  Place of the transaction                 London Stock Exchange (XLON)

 

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

 Type  Aggregate Price  Aggregate Volume
 Sale  137              45,720

g)

Date of the transaction

25 July 2024

h)

Place of the transaction

London Stock Exchange (XLON)

 

 1.  Details of PDMR / person closely associated with them ('PCA')
 a)  Name                                     Hayley Showman
 2.  Details of PDMR / person closely associated with them ('PCA')
 a)  Position / status                        Person Closely Associated with Simon Showman, 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                Gift of 200,000 Ordinary Shares for nil consideration to The Showmanrose
                                              Foundation, a charitable trust
 e)  Price and volume

Type  Price (PENCE)  Volume
                                              Gift  N/A            200,000

 
 f)  Aggregated information

Type  Aggregate Price  Aggregate Volume
                                              Gift  As above         As above

      Aggregated volume

      Price
 g)  Date of the transaction                  15 July 2024
 h)  Place of the transaction                 Off market

 

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

 Type  Aggregate Price  Aggregate Volume
 Gift  As above         As above

g)

Date of the transaction

15 July 2024

h)

Place of the transaction

Off market

 

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