UP Global Sourcing Holdings (GB:ULTP) has released an update.
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Ultimate Products PLC, a company with a portfolio of renowned homeware brands like Salter and Beldray, has announced the purchase and subsequent cancellation of 35,000 of its own ordinary shares at a price of 136 pence each, as part of its share buyback program initiated earlier in May 2024. This buyback will reduce the company’s issued share capital to 88,111,504 shares, which will also represent the new total voting rights for shareholders. The transaction was executed through Cavendish Securities plc and details the company’s ongoing efforts to manage its capital structure.
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