19
February 2024
Ultimate Products
plc
("Ultimate Products",
"Company" or "the Group")
EBT Share
Purchase
Further to its announcement of 18
December 2023, 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
notified on 16 February 2024 that, on the same day, JTC Employer
Solutions Trustee Limited, in its capacity as trustee ("the
Trustee") of the Ultimate Products Employee Benefit Trust (the
"EBT"), purchased 25,000 ordinary shares of 0.25 pence each in the
capital of the Company ("Ordinary Shares") at a price of 146.5
pence per Ordinary Share.
The EBT holds Ordinary Shares for
the benefit of the Company's employees and satisfies the vesting of
awards made under the Company's share incentive schemes.
Following the above transaction, the
EBT holds 2,399,381 Ordinary Shares, representing approximately
2.7% of the Company's issued share capital.
The current issued share capital of
the Company consists of 89,312,457 Ordinary Shares.
This figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company, under the Disclosure Guidance and
Transparency Rules of the FCA.
For
more information, please contact:
Ultimate Products +44 (0) 161 627
1400
Andrew Gossage, CEO
Simon Showman, CCO
Chris Dent, CFO
Shore Capital +44 (0) 20 7408
4090
Mark Percy
Malachy McEntyre
David Coaten
Iain Sexton
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)
Powerscourt +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.