UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an update.
Ultimate Products PLC has announced the purchase and cancellation of 9,035 ordinary shares as part of its ongoing share buyback program. This move reduces the company’s total issued share capital to 87,328,757 ordinary shares, impacting the total voting rights and potentially influencing shareholder calculations under FCA rules. The share buyback reflects the company’s strategic financial management and could 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 five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It sells to over 300 retailers across 38 countries, catering to a diverse range of retail channels including discount retailers, supermarkets, and online platforms. Established in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.
YTD Price Performance: -25.05%
Average Trading Volume: 160,664
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £73.82M
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