Ultimate Products - PDMR Dealing

Ultimate Products

22/02/2024 08:37

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RNS Number : 0910E  Ultimate Products PLC  22 February 2024

22 February 2024

Ultimate Products plc

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

Persons discharging managerial responsibilities ("PDMR") dealing

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 21 February 2024, Simon Showman, Founder and Chief
Commercial Officer, sold 48,615 ordinary share of 0.25p each ("Ordinary
Shares") in the Company at a price of 145 pence per Ordinary Share and each of
his three adult children ISA's each purchased 16,205 Ordinary Shares at a
price of 145 pence per share.

For more information, please contact:

 

Ultimate Products +44 (0) 161 627 1400

Andrew Gossage, CEO

Chris Dent, CFO

 

Powerscourt +44 (0) 207 250 1446

Rob Greening

Sam Austrums

Oliver Banks

 

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 48,615 Ordinary Shares by Simon Showman and purchase of 16,205
                                              Ordinary Shares by each of his adult children's ISAs
 e)  Price and volume                         Price (PENCE)  Volume
                                              Simon Showman  145p           48,615
                                              Dylan Rose     145p           16,205
                                              Alfie Showman  145p           16,205
                                              Jack Showman   145p           16,205
 f)  Aggregated information

      Aggregated volume

                                              48,615

      Price

                                              145p each

 g)  Date of the transaction                  21 February 2024
 h)  Place of the transaction                 London Stock Exchange (XLON)

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

 

 

48,615

 

145p each

 

g)

Date of the transaction

21 February 2024

h)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

 Notes to Editors

About Ultimate Products

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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