UP Global Sourcing Holdings PLC PDMR Dealing (1696Z)
12 May 2023 - 4:00PM
UK Regulatory
TIDMUPGS
RNS Number : 1696Z
UP Global Sourcing Holdings PLC
12 May 2023
12 May 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 11(th) May 2023 that Chris
Dent, Chief Financial Officer, on the same day purchased 2,500
ordinary shares of 0.25p each ("Ordinary Shares") in the Company at
a price of 130.231p per share. Following this purchase, Mr Dent has
a beneficially interest in 70,000 Ordinary Shares representing
approximately 0.08% of the Company's issued share capital.
For more information please contact:
UP Global Sourcing Holdings +44 (0) 161 627 1400
plc Simon Showman, CEO
Andrew Gossage, Managing Director
Chris Dent , Chief Financial
Officer
Powerscourt +44 (0) 207 250 1446
Rob Greening
Sam Austrums
Pursuant to the notification obligations in accordance with
Article 19 of the Market Abuse Regulation (MAR)
Details of PDMR / person closely associated with them
1. ( 'PCA')
a) Name Chris Dent
-------------------------------------------------------------- ---------------------------------------------
Details of PDMR / person closely associated with them
2. ( 'PCA')
-------------------------------------------------------------------------------------------------------------
a) Position / Chief Financial Officer
status
-------------------------------------------------------------- ---------------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------------------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------------------------
a) Name UP Global Sourcing Holdings Plc
-------------------------------------------------------------- ---------------------------------------------
b) LEI 213800Q5GWTVIW6KJW33
-------------------------------------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4. 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 Ordinary shares of 0.25p each in the capital
of the financial of UP Global Sourcing Holdings plc
instrument ISIN: GB00BYX7MG58
-------------------------------------------------------------- ---------------------------------------------
d) Nature of Purchase of Ordinary Shares
the transaction
-------------------------------------------------------------- ---------------------------------------------
e) Price and Price (PENCE) Volume
volume Chris Dent 130.231 2,500
-------------- -------
-------------------------------------------------------------- ---------------------------------------------
Aggregated
information
Aggregated 2,500
volume
f) Price 130.231p
-------------------------------------------------------------- ---------------------------------------------
g) Date of the 11 May 2023
transaction
-------------------------------------------------------------- ---------------------------------------------
h) Place of the London Stock Exchange (XLON)
transaction
-------------------------------------------------------------- ---------------------------------------------
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHABMRTMTMBBBJ
(END) Dow Jones Newswires
May 12, 2023 02:00 ET (06:00 GMT)
Ultimate Products (LSE:ULTP)
Historical Stock Chart
From Apr 2024 to May 2024
Ultimate Products (LSE:ULTP)
Historical Stock Chart
From May 2023 to May 2024