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UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an announcement.
Ultimate Products has executed a share buyback, purchasing 4,520 ordinary shares at a price of 108.5 pence each for cancellation, reducing the company’s total voting rights. This move is part of its ongoing strategy to manage share capital and potentially enhance shareholder value, reflecting a proactive approach to financial management and a positive impact on the company’s market positioning.
More about UP Global Sourcing Holdings
Ultimate Products is a leading owner of homeware brands, including Salter and Beldray, with nearly 80% of UK households owning at least one of its products. The company sells to over 300 retailers across 38 countries and specializes in small domestic appliances, housewares, laundry, audio, and heating and cooling. Founded in 1997, it employs over 370 staff and is headquartered in Oldham, Greater Manchester, with additional offices in Guangzhou, China, and Paris, France.
YTD Price Performance: -7.81%
Average Trading Volume: 105,550
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £91.21M
Find detailed analytics on ULTP stock on TipRanks’ Stock Analysis page.
