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Ultimate Products PLC Executes Share Buyback, Reducing Total Share Capital

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Ultimate Products PLC Executes Share Buyback, Reducing Total Share Capital

UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an update.

Ultimate Products PLC has announced the purchase and cancellation of 9,370 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 87,319,387 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, with a focus on small domestic appliances, housewares, laundry, audio, and heating and cooling products. The company sells to over 300 retailers in 38 countries, catering to a diverse range of retailers from large national chains to smaller local stores. Founded in 1997, Ultimate Products employs over 370 staff and is headquartered in Oldham, Greater Manchester, with additional offices in China and France.

YTD Price Performance: -27.46%

Average Trading Volume: 162,495

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £71.44M

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

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