UP Global Sourcing - PDMR Dealing

Ultimate Products

20/07/2023 07:00

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RNS Number : 5911G  UP Global Sourcing Holdings PLC  20 July 2023

20 July 2023

UP Global Sourcing Holdings PLC

"Ultimate Products", the "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), was
informed on 19(th) July 2023 that Chris Dent, Chief Financial Officer, on the
same day purchased 3,855 ordinary shares of 0.25p each ("Ordinary Shares") in
the Company at a price of 129.7p per share. Following this purchase, Mr Dent
has a beneficially interest in 73,855 Ordinary Shares representing
approximately 0.08% of the Company's issued share capital.

For more information please contact:

 UP Global Sourcing Holdings plc                       +44 (0) 161 627 1400

Simon Showman, CEO

                                                       Andrew Gossage, Managing Director

                                                       Chris Dent, Chief Financial Officer

 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                                     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                                     UP Global Sourcing Holdings 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 UP Global Sourcing Holdings
                                              plc

                                              ISIN: GB00BYX7MG58
 d)  Nature of the transaction                Purchase of Ordinary Shares
 e)  Price and volume                         Price (PENCE)  Volume
                                              Chris Dent  129.7          3,855

 f)  Aggregated information

      Aggregated volume

                                              3,855

      Price

                                              129.7p

 g)  Date of the transaction                  19 July 2023
 h)  Place of the transaction                 London Stock Exchange (XLON)

f)

Aggregated information

 

 Aggregated volume

 

 Price

 

 

 

3,855

 

 

129.7p

 

g)

Date of the transaction

19 July 2023

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 350 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
Cologne, Germany.

 

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 (NB this does not
include Russell Hobbs electrical appliances).

 

For further information, please visit www.upgs.com (http://www.upgs.com/)

 

 

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