Director Share Trade

RNS Number : 2425G
UP Global Sourcing Holdings PLC
28 February 2018
 

UP Global Sourcing Holdings plc

 "Ultimate Products" or "the Group"

 

Director share trade

 

Ultimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces that it has received notification that, Barry Franks, Non-Executive Director, on 27 February 2018 gifted, for nil consideration, 3,000,000 ordinary shares of 0.25p each ("Ordinary Shares") to his adult children and grandchildren (together the "Beneficiaries"). As a result, Mr. Frank's is now interested in 7,270,400 Ordinary Shares, representing 8.85% of the Company's issued share capital. 

 

The Beneficiaries are subject to the Lock-up arrangements set out in paragraph 6 of Part 11 of the Prospectus published by the Company on 1 March 2017 ("the Prospectus").  The Prospectus can be found on the Company's website (http://www.upgs.com/wp-content/uploads/2017/08/Prospectus-PDF-Reduced-Size.pdf).

 

For more information, please contact:

 

Ultimate Products               

+44 (0) 161 627 1400
Simon Showman, CEO

Andrew Gossage, Managing Director
Graham Screawn, Finance Director

                               

Powerscourt                        

+44 (0) 207 250 1446

Rob Greening

Isabelle Saber

Sam Austrums

 

               

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

 

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Barry Eric Franks

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director

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

 

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

Ordinary shares of 0.25p each in the capital of UP Global Sourcing Holdings plc

 

GB00BYX7MG58

 

 

b)

 

Nature of the transaction

 

 

Gift of ordinary shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil cost

3,000,000

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

 

 

 

3,000,000

 

Nil Cost

e)

 

Date of the transaction

 

 

28/02/2018

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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