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The latest update is out from UP Global Sourcing Holdings ( (GB:ULTP) ).
Ultimate Products has announced the purchase and cancellation of 13,074 ordinary shares as part of its ongoing share buyback program, initiated in May 2024. This action adjusts the company’s issued share capital to 87,739,315 ordinary shares, impacting the total voting rights and potentially influencing shareholder notification requirements under FCA rules. The decision underscores the company’s strategy to manage its capital structure actively, which may affect its market position and stakeholder dynamics.
More about UP Global Sourcing Holdings
Ultimate Products is a prominent player in the homeware industry, owning well-known brands such as Salter and Beldray. The company specializes in various product categories, including small domestic appliances, housewares, laundry, audio, and heating and cooling, distributing to over 300 retailers in 38 countries. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products operates with a significant number of employees and maintains showrooms in the UK, China, and France.
YTD Price Performance: -7.60%
Average Trading Volume: 104,896
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £91.46M
See more data about ULTP stock on TipRanks’ Stock Analysis page.
