Announcement PDF RNS Number : 2003O Ultimate Products PLC 29 November 2024 29 November 2024 Ultimate Products plc ("Ultimate Products", the "Company" or the "Group") Grant of Options under the Employee Share Scheme Exercise of Options, PDMR dealing and EBT 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 the following grant of deferred share awards, exercise of options and certain PDMR dealings as a consequence of the grants and exercises. Deferred Bonus Awards Following the release of its final results for the year ended 31 July 2024, the Group, on 27 November 2024, granted deferred share awards in the form of options over 210,963 ordinary shares in the Company (the "UPIP Options"), of which 76,908 UPIP Options were awarded to certain persons discharging managerial responsibilities ("PDMR") (as set out in the table below). The UPIP Options have been granted under the rules of the Company's Incentive Plan (the "UPIP"), adopted following the Company's annual general meeting in 2023. The UPIP Options have been granted to retain and incentivise certain members of senior management. As in previous periods, Andrew Gossage, CEO, and Simon Showman, Founder and CCO, are not participating in any grant of options under the UPIP. As the Group did not deliver its target level of performance, no awards have been made to Chris Dent, CFO. PDMR Options granted under the UPIP Options held prior to grant Total number of options held following grant Total number of Options held as % of issued share capital 17,361 17,361 100,573 67,713 117,934 85,074 0.13% 0.10% 8,680 10,937 60,182 67,713 68,862 78,650 0.08% 0.09% 17,361 5,208 60,182 51,729 77,543 56,937 0.09% 0.06% David Bloomfield Jennifer Stewart Duncan Singleton Emma Rawley Craig Holden Katie Maxwell Exercise of Options On 27 November 2024, under the Company's UP Global Sourcing Performance Share Plan 2017 (the "Plan"), 72,916 share options were exercised at a price of 0.25 pence per option, 62,759 share options were exercised at a price of 59.17 pence per option, 10,516 share options were exercised at a price of 98.87 pence per option and were satisfied by the transfer of, in aggregate, 144,341 ordinary shares held by the UP Global Sourcing Employee Benefit Trust (the "EBT"). Of the 144,341 ordinary shares allocated from the EBT to satisfy the option exercises, 101,851 ordinary shares were subsequently sold in the market at a price of 117.5 pence per ordinary share. PDMR dealing Pursuant to the exercise of the Plan options, Duncan Singleton, a PDMR, exercised options over, in aggregate, 21,071 ordinary shares and of those options exercised, subsequently sold, in aggregate, 11,647 ordinary shares. Further details of the PDMRs' dealings are disclosed in the tables set out below. EBT and Issued Share Capital Following the above transactions, the EBT holds 2,370,359 ordinary shares, representing approximately 2.7% of the Company's issued share capital. The current issued share capital of the Company remains 87,929,063 ordinary shares.This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the FCA. 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 Malachy McEntyre (Corporate Broking) Isobel Jones (Corporate Broking) Mark Percy (Corporate Advisory) David Coaten (Corporate Advisory) Harry Davies-Ball (Corporate Advisory) 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 45 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 facilitiesacross 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 2. Details of PDMR / person closely associated with them ('PCA') a) Position / status Trading Director b) Initial notification Initial notification Katie Maxwell / amendment 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 Ordinary shares of 0.25p each in the capital of Ultimate Products plc financial ("Ordinary Shares") instrument d) e) ISIN: GB00BYX7MG58 Nature of the Grant of Deferred Share Awards as options over Ordinary Sharespursuant transaction to the Company'sUltimate Products Incentive Plan 2023 Price and volume Price (PENCE) Grant of Options f) 0.00 Aggregated information As above. Aggregated volume Price g) Date of the 27 November 2024 transaction h) Place of the Grant of options off-market transaction 1. Details of PDMR / person closely associated with them ('PCA') a) Name 2. Details of PDMR / person closely associated with them ('PCA') David Bloomfield Volume 5,208 a) Position / status Supply Chain Director b) Initial notification Initial notification / amendment 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 Ordinary shares of 0.25p each in the capital of Ultimate Products plc financial ("Ordinary Shares") instrument d) e) ISIN: GB00BYX7MG58 Nature of the Grant of Deferred Share Awards as options over Ordinary Sharespursuant transaction to the Company'sUltimate Products Incentive Plan 2023 Price and volume Price (PENCE) Grant of Options f) 0.00 Volume 17,361 Aggregated information Aggregated volume As above. Price g) Date of the 27 November 2024 transaction h) Place of the Grant of options off-market transaction 1. Details of PDMR / person closely associated with them ('PCA') a) Name 2. Details of PDMR / person closely associated with them ('PCA') a) Position / status Trading Director b) Initial notification Initial notification Emma Greenhalgh (Rawley) / amendment 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 Ordinary shares of 0.25p each in the capital of Ultimate Products plc the financial ("Ordinary Shares") instrument ISIN: GB00BYX7MG58 d) e) Nature of the Grant of Deferred Share Awards as options over Ordinary Sharespursuant to transaction the Company'sUltimate Products Incentive Plan 2023 Price and Price (PENCE) Volume volume Grant of Options f) 0.00 10,937 Aggregated information Aggregated volume As above. Price g) Date of the 27 November 2024 transaction h) Place of the Grant of options off-market transaction 1. Details of PDMR / person closely associated with them ('PCA') a) Name 2. Details of PDMR / person closely associated with them ('PCA') a) Position / status Trading Director b) Initial notification Initial notification Duncan Singleton / amendment 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 Ordinary shares of 0.25p each in the capital of Ultimate Products plc financial ("Ordinary Shares") instrument d) ISIN: GB00BYX7MG58 Nature of the Exercise of options over Ordinary Sharespursuant to the Company'sUP transaction Global Sourcing Performance Share Plan 2017 Sale of Ordinary Shares Grant of Deferred Share Awards as options over Ordinary Sharespursuant to the Company'sUltimate Products Incentive Plan 2023 e) Price and volume Price (PENCE) Exercise of Options Volume 0.25 11,786 f) Exercise of Options 59.17 9,285 Sale ofOrdinary Shares 117.5 11,647 Grant of Options 0.00 8,680 Aggregated information Aggregated volume As above. Price g) Date of the 27 November 2024 transaction h) Place of the Grant and exercise of options off-market and sale of shares on-market transaction 1. Details of PDMR / person closely associated with them ('PCA') a) Name 2. Details of PDMR / person closely associated with them ('PCA') a) Position / status Operations & HR Director b) Initial notification Initial notification Craig Holden / amendment 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 Ordinary shares of 0.25p each in the capital of Ultimate Products plc the financial ("Ordinary Shares") instrument d) e) ISIN: GB00BYX7MG58 Nature of the Grant of Deferred Share Awards as options over Ordinary Sharespursuant to transaction the Company'sUltimate Products Incentive Plan 2023 Price and Price (PENCE) Volume volume Grant of Options f) 0.00 17,361 Aggregated information As above Aggregated volume Price g) Date of the 27 November 2024 transaction h) Place of the Grant and exercise of options off-market and sale of shares on-market transaction 1. Details of PDMR / person closely associated with them ('PCA') a) Name 2. Details of PDMR / person closely associated with them ('PCA') a) Position / status Commercial Director b) Initial notification Initial notification Jenny Stewart (Scales) / amendment 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 Ordinary shares of 0.25p each in the capital of Ultimate Products plc financial ("Ordinary Shares") instrument ISIN: GB00BYX7MG58 d) e) Nature of the Grant of Deferred Share Awards as options over Ordinary Sharespursuant transaction to the Company'sUltimate Products Incentive Plan 2023 Price and volume Price (PENCE) Grant of Options f) 0.00 Volume 17,361 Aggregated information Aggregated volume As above. 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