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UP Global Sourcing Holdings ( (GB:ULTP) ) has provided an announcement.
Ultimate Products has announced the purchase and cancellation of 13,761 ordinary shares as part of its ongoing share buyback program, bringing its total issued share capital to 87,752,389 ordinary shares. This move reflects the company’s strategic initiative to optimize capital structure and potentially enhance shareholder value, signaling a stable financial position and possibly strengthening its market presence.
More about UP Global Sourcing Holdings
Ultimate Products is a prominent player in the homeware industry, owning leading brands such as Salter and Beldray, and specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling products. The company serves over 300 retailers in 38 countries, catering to a wide range of retailers including discount and online stores. Established in 1997, it operates from its headquarters in Oldham, Greater Manchester, and has additional showrooms in Guangzhou, China, and Paris, France.
YTD Price Performance: -9.11%
Average Trading Volume: 104,116
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £92.75M
See more data about ULTP stock on TipRanks’ Stock Analysis page.
