Ultimate
Products plc
("Ultimate Products", "Company" or "the Group")
Transaction in Own
Shares
and
Total Voting
Rights
Further to its announcement on 10
May 2024 of the commencement of a share buyback programme, 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 it has purchased for
cancellation, through Shore Capital Stockbrokers Limited, the
following ordinary shares of 0.25 pence each in the Company
("Ordinary Shares").
|
Date of purchase:
|
13 May
2024
|
|
Number of Ordinary Shares purchased
(aggregated volume):
|
35,000
|
|
Highest price paid per Ordinary
Share (pence):
|
142
|
|
Lowest price paid per Ordinary Share
(pence):
|
141.5
|
|
Volume weighted average price paid
per share Ordinary Share (pence):
|
141.8143
|
Following the cancellation of the
Ordinary Shares, the Company's issued share capital will consist of
89,248,457 Ordinary Shares. This figure represents the total voting
rights in the Company 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.
In accordance with Article 5(1)(b)
of the UK version of Regulation (EU) No. 596/2014 which is part of
UK law by virtue of the European Union (Withdrawal) Act 2018, a
detailed breakdown of individual trades is available
below:
|
Number of
shares purchased
|
Transaction price
(pence per share)
|
Time of
transaction
|
Venue
|
|
15,000
|
141.9
|
08.59
|
XLON
|
|
10,000
|
141.5
|
10.55
|
XLON
|
|
10,000
|
142
|
12.12
|
XLON
|
The person responsible for arranging
the release of this announcement on behalf of the Company is Chris
Dent, CFO.
For more information, please
contact:
Ultimate Products +44 (0) 161 627
1400
Andrew Gossage, CEO
Chris Dent, CFO
Shore Capital +44 (0) 20 7408
4090
Mark Percy
Malachy McEntyre
David Coaten
Harry Davies-Ball
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.