Director Share Trade

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)