Shore Capital acts as Sponsor, Global Co-ordinator and Bookrunner to Ultimate Products
Shore Capital is delighted to have acted as Sponsor, Global Co-ordinator and Bookrunner in relation to the admission of UP Global Sourcing Holdings plc to the premium listing segment of the Official List of the FCA, and to trading on the London Stock Exchange’s main market.
The Company will have a market capitalisation of £105m at the Offer Price. The Offer is expected to raise gross proceeds of £52.6 million for the Selling Shareholders.
Ultimate Products is a fast growing owner, licencee, designer, developer and manager of a series of well-known brands focused on the home, selling to over 300 retailers across 38 countries. It develops, designs, sources and distributes a wide range of consumer products, focused on six product categories being:
· Small Domestic Appliances (“SDA”);
· Housewares;
· Audio;
· Laundry;
· Heating & Cooling; and
· Luggage.
The Group has a broad portfolio of products sold under well-known proprietary brands coupled with two major premier brands under licence.