UP Global Sourcing Holdings ( (GB:ULTP) ) just unveiled an update.
Ultimate Products PLC has announced the purchase and cancellation of 11,300 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Shore Capital Stockbrokers Limited, is part of the company’s strategy to manage its share capital and potentially enhance shareholder value. Following this cancellation, the company’s issued share capital consists of 87,086,527 ordinary shares, impacting the total voting rights and possibly influencing shareholder interests under FCA regulations.
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: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling, and sells to over 300 retailers across 38 countries. Founded in 1997 and headquartered in Oldham, Greater Manchester, the company employs over 370 staff and operates showrooms in the UK, China, and France.
YTD Price Performance: -39.69%
Average Trading Volume: 163,589
Technical Sentiment Signal: Buy
Current Market Cap: £59.22M
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