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LONDON - Ultimate Products PLC has announced a new grant of options for employees under its Save As You Earn Scheme (SAYE Scheme), aiming to involve staff in the company’s future growth. On Monday, a total of 1,182,126 options were granted to 97 employees, corresponding to 1.36% of the issued share capital.
The options, exercisable between July 1, 2028, and January 31, 2029, have an exercise price of 50.88 pence per share, a 20% discount to the average closing mid-market price as of April 30, 2025. The SAYE Scheme, which is compliant with Schedule 3 of the Income Tax (Earnings and Pensions) Act 2003, is open to all UK-based full-time employees and directors with at least twelve months of service with the Group.
The granted options are intended to be satisfied through the UP Global Sourcing Employee Benefit Trust’s Ordinary Shares, with the assurance of no dilution to existing shareholders. Among the recipients of the options are certain persons discharging managerial responsibilities (PDMR), who were collectively granted options over 108,486 Ordinary Shares.
Ultimate Products, which owns several prominent homeware brands such as Salter and Beldray, views the SAYE Scheme as an opportunity for employees to share in the company’s success. This initiative is part of the company’s broader strategy to foster employee engagement and retention.
The information is based on a press release statement from Ultimate Products PLC.
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