Director / PDMR Shareholding

RNS Number : 6282N

UP Global Sourcing Holdings PLC

06 June 2022

 

6 June 2022

UP Global Sourcing Holdings PLC

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

Persons discharging managerial responsibilities ("PDMR") dealing

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  Chris Dent, Chief Financial Officer Designate, on 1 June 2022 acquired 17,373 Ordinary Shares at a price of 129.64 pence per share. Following this purchase, Mr Dent has an interest in 50,000 Ordinary Shares representing approximately 0.06% of the Company's issued share capital.

For more information please contact:

UP Global Sourcing Holdings plc	[phone] Simon Showman, CEO Andrew Gossage, Managing Director Graham Screawn , Chief Financial Officer Chris Dent , Chief Financial Officer Designate
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	Chris Dent
2.	Details of PDMR / person closely associated with them ( 'PCA')
a)	Position / status	Chief Financial Officer Designate
b)	Initial notification / amendment	Initial notification
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	Purchase
e)	Price and volume	Price (PENCE) Volume Acquired 129.64 17,373
f)	Aggregated information  Aggregated volume  Price	17,373 acquired 129.64 pence
g)	Date of the transaction	1 June 2022
h)	Place of the transaction	London Stock Exchange (XLON)

 Notes to Editors

About Ultimate Products

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 350 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 Cologne, Germany.

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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