UP Global Sourcing Holdings ( (GB:ULTP) ) has issued an announcement.
Ultimate Products PLC has announced the purchase and cancellation of 11,700 ordinary shares as part of its ongoing share buyback program, which commenced in May 2024. This transaction reduces the company’s total issued share capital to 87,052,492 ordinary shares, impacting the total voting rights and potentially influencing shareholder interests under FCA regulations. The move reflects the company’s strategic financial management and may enhance shareholder value by reducing the number of shares in circulation.
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 small domestic appliances, housewares, laundry, audio, and heating and cooling products. With a presence in over 38 countries, Ultimate Products caters to a wide range of retailers, including large national and international chains, discount retailers, and online platforms. Established in 1997, the company is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
YTD Price Performance: -39.78%
Average Trading Volume: 155,953
Technical Sentiment Signal: Buy
Current Market Cap: £59.18M
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