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Ultimate Products PLC Advances Share Buyback Program with Recent Share Cancellation

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UP Global Sourcing Holdings ( (GB:ULTP) ) has provided an announcement.

Ultimate Products PLC has announced the purchase and cancellation of 11,950 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, reflects the company’s strategic efforts to manage its share capital and potentially enhance shareholder value. Following this cancellation, the company’s total issued share capital consists of 87,028,692 ordinary shares. This move may influence shareholder calculations regarding their interests in the company under the FCA’s Disclosure Guidance and Transparency Rules.

More about UP Global Sourcing Holdings

Ultimate Products PLC is a prominent company 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, targeting both large national and international multi-channel retailers as well as smaller national retail chains. Founded 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: -44.86%

Average Trading Volume: 160,509

Technical Sentiment Signal: Strong Buy

Current Market Cap: £54.09M

Learn more about ULTP stock on TipRanks’ Stock Analysis page.

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