Business
EBT Share Purchase Programme Update
Ultimate Products plc has announced an update to its Employee Benefit Trust (EBT) share purchase programme, extending it to 31 July 2026 and increasing the aggregate value by an additional £325,000. This programme aims to mitigate the dilutive impact of share option awards and enhance shareholder returns. The company's current issued share capital stands at 86,330,132 ordinary shares, with the EBT currently holding 2,934,014 shares, representing approximately 3.4% of the total. There are currently 3,814,296 ordinary shares under option. The EBT trustee will conduct on-market purchases, including discretionary purchases independent of the company, to comply with market abuse regulations. Disclaimer*
About this update from Ultimate Products Plc
[{"type":"text","content":"\n\n2 February 2026\n\n \nUltimate Products plc\n(\"Ultimate Products\", the \"Company\" or the \"Group\")\n \nEBT share purchase programme update\n \nUltimate 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, in its capacity as trustee (\"the Trustee\") of the Ultimate Products Employee Benefit Trust (the \"EBT\"), JTC Employer Solutions Trustee Limited has extended the previously announced EBT Programme to buy ordinary shares of 0.25p each in the Company (\"Ordinary Shares\") for the period to 31 July 2026, and increased the aggregate value by a further £325,000 (the \"Programme\").\nThe Trustee of the EBT will purchase Ordinary Shares in accordance with the Programme, which seeks to mitigate the dilutive impact of share option awards and to improve overall shareholder return.\nThe current issued share capital of the Company consists of 86,330,132 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.\nThe EBT currently holds 2,934,014 Ordinary Shares representing approximately 3.4% of the Company's current issued share capital. The Company currently has a total of 3,814,296 Ordinary Shares under option.\nThe Trustee of the EBT has entered into arrangements to carry out on-market purchases of Ordinary Shares under the Programme, including on a discretionary basis independent of the Company in accordance with certain pre-set parameters, during any prohibited periods of the Company, as determined by the UK Market Abuse Regulation, which may fall during the period of the Programme.\n \nFor more information, please contact:\n \nUltimate Products +44 (0) 161 627 1400\nAndrew Gossage, CEO\nChris Dent, CFO\n \nCavendish Capital Markets Limited (Nomad & Joint Broker) + 44 (0)20 7220 0500\nMatt Goode / Callum Davidson / Trisyia Jamaludin (Corporate Finance)\nMatt Lewis (Corporate Broking)\n \nShore Capital (Joint Broker) +44 (0) 20 7408 4090\nMalachy McEntyre / Isobel Jones (Corporate Broking)\nMark Percy / David Coaten / Harry Davies-Ball (Corpor...