UP Global Sourcing Holdings ( (GB:ULTP) ) has issued an update.
Ultimate Products PLC has announced the purchase and cancellation of 9,790 ordinary shares as part of its ongoing share buyback program. This action reduces the company’s issued share capital to 87,213,727 ordinary shares, impacting the total voting rights. This strategic move is part of the company’s efforts to manage its capital structure and potentially enhance shareholder value.
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. With a presence in over 38 countries, Ultimate Products caters to a diverse range of retailers, from large multi-channel to smaller national chains. Founded in 1997, the company is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
YTD Price Performance: -32.63%
Average Trading Volume: 169,670
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £67.71M
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