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UP Global Sourcing Holdings ( (GB:ULTP) ) just unveiled an announcement.
Ultimate Products announced the repurchase of 8,500 of its ordinary shares through Cavendish Securities as part of its ongoing share buyback program. This action, which adjusts the company’s total voting rights to 87,880,448 ordinary shares, is aligned with the company’s strategy to manage capital structure and potentially enhance shareholder value. The buyback can have implications for the company’s market positioning and stakeholder interests by potentially increasing earnings per share.
More about UP Global Sourcing Holdings
Ultimate Products is a prominent owner of leading homeware brands such as Salter and Beldray, with a market presence in over 300 retailers across 38 countries. Specializing in product categories including small domestic appliances, housewares, laundry, audio, and heating and cooling, the company is headquartered in Oldham, Greater Manchester, and employs over 370 staff. Ultimate Products also has offices in Guangzhou, China, and Paris, France.
YTD Price Performance: -21.56%
Average Trading Volume: 89,084
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £99.49M
Find detailed analytics on ULTP stock on TipRanks’ Stock Analysis page.
