UP Global Sourcing Holdings ( (GB:ULTP) ) has provided an announcement.
Ultimate Products PLC has announced the purchase and cancellation of 9,550 ordinary shares as part of its ongoing share buyback program. This move reduces the company’s total voting rights to 87,242,767 ordinary shares, impacting shareholder calculations under FCA rules. The transaction reflects the company’s strategic 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, including Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It operates across 38 countries, selling to over 300 retailers, and is headquartered in Oldham, Greater Manchester, with additional offices in Guangzhou, China, and Paris, France.
YTD Price Performance: -32.45%
Average Trading Volume: 167,858
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £66.45M
For a thorough assessment of ULTP stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com