Grant of Options under the Employee Share Scheme
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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, including grants to certain persons discharging managerial responsibilities ("PDMRs").
Deferred Bonus Awards
Following the release of its final results for the year ended 31 July 2025, the Group, on 5 November 2025, granted deferred share awards in the form of options over 203,925 ordinary shares in the Company (the "UPIP Options"), of which 46,688 UPIP Options were awarded to certain PDMRs (as set out in the table below).
| 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 |
|---|---|---|---|---|
| David Bloomfield | 7,000 | 96,743 | 103,743 | 0.12% |
| Emma Rawley | 7,188 | 64,060 | 71,248 | 0.08% |
| Tracy Carroll | 32,500 | 18,081 | 50,581 | 0.06% |
The UPIP Options have been granted under the rules of the Company's Incentive Plan (the "UPIP") with a view to retaining and incentivising certain members of senior management, and were adopted following the Company's Annual General Meeting in 2023. As in previous periods, Andrew Gossage, CEO, and Simon Showman, Founder and President, 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.
Total Share Options, EBT and Issued Share Capital
Following the above grants, the Company has a total of 6,304,086 share options outstanding. The EBT holds 2,699,745 ordinary shares, representing approximately 3.13% of the Company's issued share capital. The current issued share capital of the Company remains 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.
| a) | Name | David Bloomfield |
| 2. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Position / status | Chief Supply Chain Officer |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Ultimate Products Plc |
| b) | LEI | 213800Q5GWTVIW6KJW33 |
| c) | Description of the financial instrument | Ordinary shares of 0.25p each in the capital of Ultimate Products plc ("Ordinary Shares") ISIN: GB00BYX7MG58 |
| d) | Nature of the transaction | Grant of Deferred Share Awards as options over Ordinary Shares pursuant to the Company's Ultimate Products Incentive Plan 2023 |
| e) | Price and volume | Price (PENCE) Volume Grant of Options 0.00 7,000 |
| f) | Aggregated information Aggregated volume Price | As above. |
| g) | Date of the transaction | 5 November 2025 |
| h) | Place of the transaction | Grant of options off-market |
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Name | Emma Greenhalgh (Rawley) |
| 2. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Position / status | Trading Director |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Ultimate Products Plc |
| b) | LEI | 213800Q5GWTVIW6KJW33 |
| c) | Description of the financial instrument | Ordinary shares of 0.25p each in the capital of Ultimate Products plc ("Ordinary Shares") ISIN: GB00BYX7MG58 |
| d) | Nature of the transaction | Grant of Deferred Share Awards as options over Ordinary Shares pursuant to the Company's Ultimate Products Incentive Plan 2023 |
| e) | Price and volume | Price (PENCE) Volume Grant of Options 0.00 7,188 |
| f) | Aggregated information Aggregated volume Price | As above. |
| g) | Date of the transaction | 5 November 2025 |
| h) | Place of the transaction | Grant of options off-market |
| 1. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Name | Tracy Carroll |
| 2. | Details of PDMR / person closely associated with them ( ' PCA ' ) | |
| a) | Position / status | Chief Marketing Officer |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Ultimate Products Plc |
| b) | LEI | 213800Q5GWTVIW6KJW33 |
| c) | Description of the financial instrument | Ordinary shares of 0.25p each in the capital of Ultimate Products plc ("Ordinary Shares") ISIN: GB00BYX7MG58 |
| d) | Nature of the transaction | Grant of Deferred Share Awards as options over Ordinary Shares pursuant to the Company's Ultimate Products Incentive Plan 2023 |
| e) | Price and volume | Price (PENCE) Volume Grant of Options 0.00 32,500 |
| f) | Aggregated information Aggregated volume Price | As above. |
| g) | Date of the transaction | 5 November 2025 |
| h) | Place of the transaction | Grant of options off-market |
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