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Ultimate Products PLC Executes Share Buyback, Reducing Share Capital
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Ultimate Products PLC Executes Share Buyback, Reducing Share Capital

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

Ultimate Products PLC announced the purchase and cancellation of 51,997 of its ordinary shares as part of its ongoing share buyback program, reflecting its commitment to optimizing shareholder value. This transaction reduces the company’s share capital to 87,793,175 ordinary shares, impacting the total voting rights and potentially influencing shareholder interest and company valuation.

More about UP Global Sourcing Holdings

Ultimate Products PLC, founded in 1997 and headquartered in Oldham, Greater Manchester, is a prominent owner of leading homeware brands such as Salter and Beldray. The company specializes in five product categories, including Small Domestic Appliances and Housewares, and sells to over 300 retailers across 38 countries. With a significant presence in both national and international retail markets, Ultimate Products has a diverse product portfolio and operates additional offices in Guangzhou, China, and Paris, France.

Average Trading Volume: 93,305

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £103.3M

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

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