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LONDON - Ultimate Products plc, owner of homeware brands including Salter and Beldray, announced Wednesday plans to cancel its listing on the London Stock Exchange's Main Market and seek admission to AIM, with the transition expected to take effect January 15, 2026.
The company's board determined that "at the Company's current market capitalisation, the AIM market would be the most suitable listing venue for the Group," according to a statement released alongside its annual report and accounts for the year ended July 31, 2025.
The proposed change in listing venue follows earlier announcements made on August 13 and October 28, where the company first indicated it was reviewing its market position.
Shareholders will need to approve the delisting and AIM admission at the company's Annual General Meeting scheduled for December 12, 2025, at its registered office in Oldham.
The company also published a Rule 9 waiver circular to enable it to exercise its buyback authority and implement its stated capital allocation policy.
Ultimate Products describes itself as the owner of several leading homeware brands, including Salter, which it notes was established in 1760 and is "the UK's oldest houseware brand," and Beldray, established in 1872.
The company's annual report outlines several principal risks facing the business, including macroeconomic factors affecting consumer demand, sourcing challenges, supply chain logistics, and cyber security concerns. The company noted that risks related to consumer demand and human resources have increased compared to the previous year.
The announcement was made based on information contained in the company's annual report and accounts for the year ended July 31, 2025.
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