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Ultimate Products PLC Executes Share Buyback, Adjusts Voting Rights

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Ultimate Products PLC Executes Share Buyback, Adjusts Voting Rights

UP Global Sourcing Holdings ( (GB:ULTP) ) just unveiled an announcement.

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 reduces the company’s total issued share capital to 87,162,527 ordinary shares, impacting the total voting rights and potentially affecting shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.

More about UP Global Sourcing Holdings

Ultimate Products PLC is a company specializing in homeware brands, including Salter and Beldray, which are well-established in the UK market. The company offers products in five categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling, selling to over 300 retailers across 38 countries. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates showrooms in the UK, China, and France.

YTD Price Performance: -33.23%

Average Trading Volume: 170,461

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £65.55M

See more insights into ULTP stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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