Next plc (GB:NXT) has released an update.
NEXT plc has embarked on a share buy-back initiative, purchasing 693 of its own shares for cancellation at prices ranging from 9,974 to 10,000 pence per share through its broker, UBS AG London Branch. This move, part of a program announced on July 8, 2024, aims to reduce the company’s share capital, which now stands at 125,842,599 shares post-transaction. NEXT plc’s action is indicative of management’s confidence in the company and is a significant event for shareholders tracking their stake in the firm.
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