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The latest announcement is out from Next plc ( (GB:NXT) ).
Next plc, a notable player in the retail industry, has recently engaged in a share buyback program, purchasing 94,000 of its ordinary shares for cancellation at an average price of 9,342.8232 pence per share. This strategic move reflects the company’s efforts to manage its share capital effectively. The purchase, conducted through UBS AG London Branch, leaves Next plc with a registered share capital comprising 123,821,772 shares, which stakeholders can use to assess their interests in accordance with FCA’s guidelines. This buyback is likely to enhance shareholder value and indicates the company’s commitment to returning capital to its investors.
More about Next plc
YTD Price Performance: -1.58%
Average Trading Volume: 384,395
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.01B
Learn more about NXT stock on TipRanks’ Stock Analysis page.
