Business
Options, PDMR dealings and EBT Shareholding
Options, PDMR dealings and EBT Shareholding.
About this update from Ultimate Products Plc
[{"type":"text","content":"\n\n29 November 2024\n\n \nUltimate Products plc\n(\"Ultimate Products\", the \"Company\" or the \"Group\")\n \nGrant of Options under the Employee Share Scheme\n Exercise of Options, PDMR dealing and EBT Shareholding\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 the following grant of deferred share awards, exercise of options and certain PDMR dealings as a consequence of the grants and exercises.\nDeferred Bonus Awards\nFollowing 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.\n \n\n\n\n\nPDMR\n\n\nOptions granted under the UPIP\n\n\nOptions held prior to grant\n\n\nTotal number of options held following grant\n\n\nTotal number of Options held as % of issued share capital\n\n\n\n\nDavid Bloomfield\n\n\n 17,361\n\n\n100,573\n\n\n 117,934\n\n\n0.13%\n\n\n\n\nJennifer Stewart\n\n\n 17,361\n\n\n67,713\n\n\n85,074\n\n\n0.10%\n\n\n\n\nDuncan Singleton\n\n\n 8,680\n\n\n 60,182\n\n\n68,862\n\n\n0.08%\n\n\n\n\nEmma Rawley\n\n\n &...