Ultimate
Products plc
("Ultimate Products", "Company" or "the Group")
Director/PDMR
Shareholding
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
on 25 July 2024, Simon Showman, Founder and Chief Commercial
Officer, sold 45,720 ordinary shares of 0.25p each ("Ordinary
Shares") in the Company at a price of 137 pence per Ordinary Share
and each of his three adult children's ISAs purchased 15,240
Ordinary Shares at a price of 137 pence per share.
The Company also announces that on
15 July 2024 Simon Showman's wife, Hayley Showman, gifted 200,000
Ordinary Shares for nil consideration to The Showmanrose
Foundation, a charitable trust.
Further details of the above
dealings are set out at the end of this announcement.
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)
Sodali & Co +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.
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
|
Simon Showman
|
|
2.
|
Details of PDMR / person closely associated with them
('PCA')
|
|
a)
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Position / status
|
Chief Commercial Officer
|
|
b)
|
Initial notification /
amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
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Name
|
Ultimate Products 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)
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Description of the financial
instrument
|
Ordinary shares of 0.25p each in the
capital of Ultimate Products plc
ISIN: GB00BYX7MG58
|
|
d)
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Nature of the transaction
|
Sale of 45,720 Ordinary Shares by Simon Showman and purchase of
15,240 Ordinary Shares by each of his adult
children's ISAs
|
|
e)
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Price and volume
|
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Type
|
Price (PENCE)
|
Volume
|
|
Simon Showman
|
137
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45,720
|
|
Dylan Rose
|
137
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15,240
|
|
Alfie Showman
|
137
|
15,240
|
|
Jack Showman
|
137
|
15,240
|
|
|
f)
|
Aggregated information
Aggregated volume
Price
|
|
Type
|
Aggregate Price
|
Aggregate Volume
|
|
Sale
|
137
|
45,720
|
|
|
g)
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Date of the transaction
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25 July 2024
|
|
h)
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Place of the transaction
|
London Stock Exchange
(XLON)
|
|
1.
|
Details of PDMR / person closely associated with them
('PCA')
|
|
a)
|
Name
|
Hayley Showman
|
|
2.
|
Details of PDMR / person closely associated with them
('PCA')
|
|
a)
|
Position / status
|
Person Closely Associated with Simon
Showman, Chief Commercial Officer
|
|
b)
|
Initial notification /
amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Ultimate Products 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 Ultimate Products plc
ISIN: GB00BYX7MG58
|
|
d)
|
Nature of the transaction
|
Gift of 200,000 Ordinary Shares for
nil consideration to The Showmanrose Foundation, a charitable
trust
|
|
e)
|
Price and volume
|
|
Type
|
Price (PENCE)
|
Volume
|
|
Gift
|
N/A
|
200,000
|
|
|
f)
|
Aggregated information
Aggregated volume
Price
|
|
Type
|
Aggregate Price
|
Aggregate Volume
|
|
Gift
|
As above
|
As above
|
|
|
g)
|
Date of the transaction
|
15 July 2024
|
|
h)
|
Place of the transaction
|
Off market
|
