UP Global Sourcing Holdings ( (GB:ULTP) ) has issued an update.
Ultimate Products PLC announced the purchase and cancellation of 9,100 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction, conducted through Shore Capital Stockbrokers Limited, aligns with the company’s strategic financial management, potentially enhancing shareholder value by reducing the total number of outstanding shares to 87,355,767, which may affect the calculations for shareholder interest notifications.
More about UP Global Sourcing Holdings
Ultimate Products PLC is a prominent player in the homeware industry, owning esteemed brands such as Salter and Beldray. It specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling products, selling to over 300 retailers across 38 countries. The company, founded in 1997 and headquartered in Oldham, Greater Manchester, operates additional showrooms in China and France, and employs over 370 staff.
YTD Price Performance: -25.73%
Average Trading Volume: 161,019
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £76.48M
For a thorough assessment of ULTP stock, go to TipRanks’ Stock Analysis page.
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