The latest update is out from UP Global Sourcing Holdings ( (GB:ULTP) ).
Ultimate Products PLC announced the purchase and cancellation of 10,100 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction, executed through Shore Capital Stockbrokers Limited, is part of the company’s strategy to optimize its capital structure and enhance shareholder value. The cancellation of these shares reduces the company’s issued share capital to 87,290,887 ordinary shares, impacting the total voting rights and potentially influencing shareholder interest calculations under FCA rules.
More about UP Global Sourcing Holdings
Ultimate Products PLC 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. With a presence in over 38 countries, Ultimate Products caters to a diverse range of retailers, from large multinational chains to smaller national outlets. Founded in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.
YTD Price Performance: -32.28%
Average Trading Volume: 166,479
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £66.66M
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