SUP Supreme Plc

TIDMSUP

RNS Number : 6863O

Supreme PLC

04 October 2023

4 October 2023

Supreme plc

("Supreme," the "Company" or the "Group")

Director Share Purchase

Supreme (AIM:SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer products, has been notified on 3 October 2023 that, Sandeep Singh Chadha, Chief Executive Officer, purchased the following Ordinary Shares in the Company:

 
 Date of purchase    Ordinary Shares purchased   Price per Ordinary 
                                                  Share (GBP) 
 02/10/2023          1,570                       1.25 
                    --------------------------  ------------------- 
 02/10/2023          153,430                     1.26674 
                    --------------------------  ------------------- 
 29/09/2023          65,000                      1.23862 
                    --------------------------  ------------------- 
 Total:              220,000 
                    ----------------------------------------------- 
 

The above acquisitions were made by Supreme 8 Limited, a company wholly owned by Mr Chadha.

In addition, the Company has been notified on 3 October 2023 that the Chadha Discretionary Trust 2020, a person closely associated (PCA) of Sandeep Singh Chadha, Chief Executive Officer, purchased the following Ordinary Shares in the Company:

 
 Date of purchase    Ordinary Shares purchased   Price per Ordinary 
                                                  Share (GBP) 
 02/10/2023          50,000                      1.2815 
                    --------------------------  ------------------- 
 29/09/2023          30,000                      1.235 
                    --------------------------  ------------------- 
 29/09/2023          90,000                      1.178778 
                    --------------------------  ------------------- 
 Total:              170,000 
                    ----------------------------------------------- 
 

Following these purchases, Mr. Chadha now has a total beneficial interest in 67,266,845 Ordinary Shares, representing 57.34 % of the current issued share capital of the Company.

The Group's current share capital consists of 117,321,126 Ordinary Shares with voting rights.

Further details of the PDMR dealing are included below. This information has been provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Sandeep Singh (Sandy) Chadha 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             CEO / PDMR 
     --------------------------  ----------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                        Supreme plc 
     --------------------------  ----------------------------------------- 
 b)   LEI                         213800DBHCI5WQWECL16 
     --------------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the           Ordinary Shares 
       financial instrument, 
       type of instrument 
                                    GB00BDT89C08 
       Identification code 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Direct purchase of shares 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     1.25       1,570 
                                      1.26674    153,430 
                                      1.23862    65,000 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information      220,000 Ordinary Shares 
       - Aggregated volume         GBP276,828.72 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     29 September 2023 - 2 October 2023 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM Market (XLON) 
     --------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        the Chadha Discretionary Trust 2020 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             PCA of Sandeep Singh (Sandy) Chadha 
                                   CEO / PDMR 
     --------------------------  ----------------------------------------- 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                        Supreme plc 
     --------------------------  ----------------------------------------- 
 b)   LEI                         213800DBHCI5WQWECL16 
     --------------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the           Ordinary Shares 
       financial instrument, 
       type of instrument 
                                    GB00BDT89C08 
       Identification code 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Direct purchase of shares 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
 
                                     1.2815      50,000 
                                      1.235       30,000 
                                      1.178778    90,000 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information      170,000 Ordinary Shares 
       - Aggregated volume         GBP207,215.02 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     29 September 2023 - 2 October 2023 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM Market (XLON) 
     --------------------------  ----------------------------------------- 
 

Enquiries:

 
 Supreme plc                                      via Vigo Consulting 
  Sandy Chadha, Chief Executive Officer 
  Suzanne Smith, Chief Finance Officer 
 Grant Thornton UK LLP (Nominated Adviser) 
  Samantha Harrison / Harrison Clarke / Samuel 
  Littler                                         +44 (0)20 7383 5100 
 Berenberg (Broker) 
  Mark Whitmore / Mara Grasso                     +44 (0)20 3207 7800 
 Vigo Consulting (Financial Public Relations) 
  Jeremy Garcia / Kendall Hill 
  supreme@vigoconsulting.com                      +44 (0)20 7390 0230 
 

About Supreme

Supreme supplies products across five key categories; batteries, lighting, vaping, sports nutrition & wellness, and branded household consumer goods. The Company's capabilities span from product development and manufacturing through to its extensive retail distribution network and direct to consumer capabilities. This vertically integrated platform provides an excellent route to market for well-known brands and products.

The Group has over 3,300 active business accounts with retail customers who manage over 10,000 branded retail outlets. Customers include B&M, Home Bargains, Poundland, The Range, Sainburys, Sports Direct, Londis, SPAR, Costcutter, Asda, Halfords, Iceland and HM Prison & Probation Service.

In addition to distributing globally-recognised brands such as Duracell, Energizer and Panasonic, and supplying lighting products exclusively under the Energizer, Eveready and JCB licences across 45 countries, Supreme has also developed brands in-house, most notably 88Vape and has a growing footprint in Sports Nutrition and Wellness.

investors.supreme.co.uk

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October 04, 2023 05:50 ET (09:50 GMT)