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UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an update.
Ultimate Products PLC has announced the purchase and cancellation of 8,000 of its ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction reduces the company’s issued share capital to 87,921,063 ordinary shares, impacting the total voting rights that shareholders use for interest notification purposes. The buyback program reflects the company’s strategic financial management and could influence market perception by potentially enhancing shareholder value.
More about UP Global Sourcing Holdings
Ultimate Products PLC is a company that owns several leading homeware brands, including Salter and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. Ultimate Products sells to over 300 retailers across 38 countries and employs over 370 staff. It is headquartered in Oldham, Greater Manchester, with additional offices and showrooms in Guangzhou, China, and Paris, France.
YTD Price Performance: -19.87%
Average Trading Volume: 86,658
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £101.6M
See more insights into ULTP stock on TipRanks’ Stock Analysis page.
