UP Global Sourcing Holdings PLC Director Share Trade (2425G)
28 February 2018 - 10:41PM
UK Regulatory
TIDMUPGS
RNS Number : 2425G
UP Global Sourcing Holdings PLC
28 February 2018
UP Global Sourcing Holdings plc
"Ultimate Products" or "the Group"
Director share trade
Ultimate Products, the owner, manager, designer and developer of
an extensive range of value-focused consumer goods brands,
announces that it has received notification that, Barry Franks,
Non-Executive Director, on 27 February 2018 gifted, for nil
consideration, 3,000,000 ordinary shares of 0.25p each ("Ordinary
Shares") to his adult children and grandchildren (together the
"Beneficiaries"). As a result, Mr. Frank's is now interested in
7,270,400 Ordinary Shares, representing 8.85% of the Company's
issued share capital.
The Beneficiaries are subject to the Lock-up arrangements set
out in paragraph 6 of Part 11 of the Prospectus published by the
Company on 1 March 2017 ("the Prospectus"). The Prospectus can be
found on the Company's website
(http://www.upgs.com/wp-content/uploads/2017/08/Prospectus-PDF-Reduced-Size.pdf).
For more information, please contact:
Ultimate Products +44 (0) 161 627 1400
Simon Showman, CEO
Andrew Gossage, Managing Director
Graham Screawn, Finance Director
Powerscourt +44 (0) 207 250 1446
Rob Greening
Isabelle Saber
Sam Austrums
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Barry Eric Franks
--- ------------------------- -----------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------- -----------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- -----------------------------
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
--- --------------------------------------------------------
a) Description of Ordinary shares of 0.25p
the financial each in the capital of UP
instrument, type Global Sourcing Holdings
of instrument plc
Identification GB00BYX7MG58
code
--- ------------------------- -----------------------------
b) Nature of the Gift of ordinary shares
transaction
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil cost 3,000,000
---------- ----------
--- ------------------------- -----------------------------
d) Aggregated information
- Aggregated volume 3,000,000
- Price Nil Cost
--- ------------------------- -----------------------------
e) Date of the transaction 28/02/2018
--- ------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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