Director / PDMR Shareholding

RNS Number : 7718Q

UP Global Sourcing Holdings PLC

01 March 2021

 

1 March 2021

UP Global Sourcing Holdings PLC

"Ultimate Products" or "the Company" or "the Group"

Persons discharging managerial responsibilities "PDMR" shareholding

Ultimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces   that on 26 February 2021 Graham Screawn transferred in aggregate 27,664 ordinary shares of 0.25p each ("Ordinary Shares") from a personal holding into his and his wife's ISA at a price of 143.5p, there is no change to his beneficial interest.

For more information please contact:

UP Global Sourcing Holdings plc	[phone] Simon Showman, CEO Andrew Gossage, Managing Director Graham Screawn, Chief Financial Officer
Powerscourt	[phone] 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	Graham Screawn
2.	Details of PDMR / person closely associated with them (   'PCA')
a)	Position / status	Graham Screawn - Chief Financial Officer
b)	Initial notification / amendment	1 March 2021
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; (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 UP Global Sourcing Holdings plc     ISIN:  GB00BYX7MG58
d)	Nature of the transaction	Sale and repurchase of shares
e)	Price(s) and volume(s)	Price(s) (PENCE) Volume(s) Graham Screawn 143.5p 27,664 Graham Screawn 143.5p 13,832 Janet Screawn 143.5p 13,832
f)	Aggregated information  Aggregated volume  Price	27,664 (sold) & 27,664 (purchased) 143.5p
g)	Date of the transaction	26 February 2021
h)	Place of the transaction	London Stock Exchange (XLON)

 Notes to Editors

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 37 countries. It has five product categories: Small Domestic Appliances; Housewares; Audio; Laundry; and Heating and Cooling. Its brands include Beldray (laundry, floor care, heating and cooling), Intempo (audio), Kleeneze (laundry); Salter (kitchenware), and Progress (cookware and bakeware).

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 2018 it welcomed its one-hundredth graduate. In total, Ultimate Products now employs over 250 staff.

Please note that Ultimate Products is not the owner of Russell Hobbs or Salter. 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) and the "Salter" trademark for electrical and cookware (NB this does not include Salter scales).

For further information, please visit www.upgs.com

 

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