Ultimate Products PLC Advances Share Buyback Program

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

Ultimate Products PLC has announced the purchase and cancellation of 11,150 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 87,064,192 ordinary shares, impacting the total voting rights and potentially influencing shareholder calculations under FCA rules.

More about UP Global Sourcing Holdings

Ultimate Products PLC is a prominent player in the homeware industry, owning leading brands such as Salter and Beldray. Established in 1997 and headquartered in Oldham, Greater Manchester, the company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It sells to over 300 retailers across 38 countries, with a significant presence in both national and international markets.

YTD Price Performance: -39.69%

Average Trading Volume: 158,486

Technical Sentiment Signal: Buy

Current Market Cap: £60.04M

Learn more about ULTP stock on TipRanks’ Stock Analysis page.