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Next plc Executes Share Buyback to Adjust Capital Structure

Story Highlights
  • Next plc bought back 11,089 shares for cancellation to adjust its capital structure.
  • The share buyback changes share capital to 123,530,953, affecting shareholder notifications.
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Next plc Executes Share Buyback to Adjust Capital Structure

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An announcement from Next plc ( (GB:NXT) ) is now available.

Next plc has executed a share buyback program, acquiring 11,089 of its ordinary shares for cancellation at an average price of 9907.6840 pence per share. This move, facilitated by UBS AG London Branch, results in a new total share capital of 123,530,953 shares, potentially impacting shareholder notifications under FCA rules by altering voting rights and ownership structures.

More about Next plc

Next plc operates in the retail industry, focusing on clothing, footwear, and home products. The company is recognized for its strong presence in the UK market and its integrated approach to online and physical store offerings.

YTD Price Performance: 4.06%

Average Trading Volume: 422,645

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £11.41B

See more data about NXT stock on TipRanks’ Stock Analysis page.

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