UP Global Sourcing Holdings ( (GB:ULTP) ) has provided an update.
Ultimate Products has announced the purchase and cancellation of 9,700 ordinary shares as part of its ongoing share buyback program. This action will adjust the company’s issued share capital to 87,223,517 ordinary shares, impacting the total voting rights and potentially influencing shareholder interest calculations. The move is part of the company’s strategic financial management, aiming to optimize shareholder value and reflect confidence in its market positioning.
More about UP Global Sourcing Holdings
Ultimate Products is a prominent player in the homeware industry, owning several leading brands such as Salter and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It sells to over 300 retailers across 38 countries, including both large national and international multi-channel retailers as well as smaller national retail chains. Founded in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
YTD Price Performance: -31.16%
Average Trading Volume: 165,142
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £67.71M
Learn more about ULTP stock on TipRanks’ Stock Analysis page.
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