3 May 2022
UP Global Sourcing Holdings PLC
"Ultimate Products" or "the Company" or "the Group"
Persons discharging managerial responsibilities ("PDMR") dealing
Ultimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces that Chris Dent, Chief Financial Officer Designate, on 29 April 2022 acquired 12,590 Ordinary Shares at a price of 158.85 pence per share. Following this purchase, Mr Dent has an interest in 32,637 Ordinary Shares representing approximately 0.03 % of the Company's issued share capital.
For more information please contact:
| UP Global Sourcing Holdings plc | +44 (0) 161 627 1400 Andrew Gossage, Managing Director Graham Screawn, Chief Financial Officer Chris Dent, Chief Financial Officer Designate
|
| 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)
| 1. | Details of PDMR / person closely associated with them ('PCA') | ||||||||
| a) | Name | Chris Dent | |||||||
| 2. | Details of PDMR / person closely associated with them ('PCA') | ||||||||
| a) | Position / status | Chief Financial Officer Designate | |||||||
| b) | Initial notification / amendment | 29 April 2022 | |||||||
| 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; | ||||||||
| c) | Description of the financial instrument | Ordinary shares of 0.25p each in the capital of UP Global Sourcing Holdings plc ISIN: GB00BYX7MG58 | |||||||
| d) | Nature of the transaction | Purchase | |||||||
| e) | Price and volume |
| |||||||
| f) | Aggregated information
Aggregated volume
Price |
12,590 acquired
158.85 pence
| |||||||
| g) | Date of the transaction | 29 April 2022 | |||||||
| h) | Place of the transaction | London Stock Exchange (XLON) | |||||||
| | | | | ||||||
Notes to Editors
About Ultimate Products
Ultimate Products is an owner, manager, designer and developer of a series of well-known brands focused on the home, selling to over 300 retailers across 38 countries. It has five product categories: Audio; Heating and Cooling; Housewares; Laundry; and Small Domestic Appliances. Its brands include Beldray (laundry, floor care, heating and cooling), Intempo (audio), Salter (kitchen and bathroomware), Progress (cookware and bakeware), Kleeneze (laundry and floorcare) and Petra (small domestic appliances).
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. Its best-selling products include frying pans, mugs and speakers, selling approximately one million of each every year.
Founded in 1997, Ultimate Products 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.
Ultimate Products' graduate development scheme was launched in 2012 and in 2020 it welcomed its 300th graduate. In total, Ultimate Products now employs over 300 staff.
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
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