UP Global Sourcing Holdings ( (GB:ULTP) ) just unveiled an announcement.
Ultimate Products PLC has announced the purchase and cancellation of 9,950 ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Shore Capital Stockbrokers Limited, is part of the company’s strategy to manage its share capital and enhance shareholder value. Following this cancellation, the company’s total issued share capital now consists of 87,182,727 ordinary shares, which will impact the total voting rights and may require shareholders to reassess their interests under FCA regulations.
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 serves a diverse range of retailers, including discount stores, supermarkets, and online platforms. Established in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates additional offices and showrooms in Guangzhou, China, and Paris, France.
YTD Price Performance: -35.38%
Average Trading Volume: 174,852
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £65.74M
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