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An update from UP Global Sourcing Holdings ( (GB:ULTP) ) is now available.
Ultimate Products has announced the purchase and cancellation of 7,000 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction aims to consolidate the Company’s share capital, adjust voting rights, and potentially impact shareholder calculations under FCA rules. This move reflects the company’s strategic financial management efforts to enhance shareholder value and maintain robust market positioning.
More about UP Global Sourcing Holdings
Ultimate Products is a company that owns several leading homeware brands such as Salter and Beldray, established in 1760 and 1872 respectively. It specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling products. Ultimate Products sells to over 300 retailers in 38 countries and employs over 370 staff, with headquarters in Oldham, Greater Manchester, and additional offices in Guangzhou, China, and Paris, France.
YTD Price Performance: -21.56%
Average Trading Volume: 89,084
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £99.49M
For a thorough assessment of ULTP stock, go to TipRanks’ Stock Analysis page.
