The latest update is out from UP Global Sourcing Holdings ( (GB:ULTP) ).
Ultimate Products PLC has announced the purchase and cancellation of 10,100 ordinary shares as part of its ongoing share buyback program, which was initiated in May 2024. This transaction reflects the company’s strategy to manage its capital structure and enhance shareholder value. Following this cancellation, the company’s issued share capital now consists of 87,172,627 ordinary shares, impacting the total voting rights and potentially influencing shareholder interest notifications under FCA rules.
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 both large national and international multi-channel retailers as well as smaller retail chains. Founded in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
YTD Price Performance: -33.32%
Average Trading Volume: 174,779
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £65.55M
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