Next plc ( (GB:NXT) ) just unveiled an update.
Next plc has executed a share buyback program, purchasing 11,340 of its ordinary shares for cancellation at an average price of 9687.7873 pence per share. This move is part of a previously announced strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and providing a more favorable market position. The transaction was facilitated by UBS AG London Branch, and following this purchase, the company’s registered share capital now consists of 123,288,516 shares, all with equal voting rights.
More about Next plc
Next plc operates in the retail industry, primarily focusing on clothing, footwear, and home products. The company is known for its fashion-forward offerings and has a significant presence in the UK market, catering to a wide range of consumer needs.
YTD Price Performance: 2.44%
Average Trading Volume: 387,228
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £11.49B
See more insights into NXT stock on TipRanks’ Stock Analysis page.