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Next plc ( (GB:NXT) ) has issued an announcement.
Next plc has announced the repurchase of 61,000 of its ordinary shares at an average price of 9823.8537 pence per share, which will be cancelled. This move is part of the company’s strategy to manage its share capital, potentially indicating confidence in its financial stability and future growth prospects. The transaction was facilitated by UBS AG London Branch, and post-purchase, the company’s registered share capital now consists of 124,572,430 shares. This buyback may impact shareholder value and signals a commitment to enhancing shareholder returns.
More about Next plc
Next plc is a prominent player in the retail industry, offering a wide range of clothing, footwear, accessories, and home products. The company primarily focuses on the UK market but also has a significant presence internationally, known for its high street and online retail operations.
YTD Price Performance: 24.83%
Average Trading Volume: 373,864
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £11.74B
Find detailed analytics on NXT stock on TipRanks’ Stock Analysis page.
