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Next plc Executes Share Buyback to Optimize Capital Structure
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Next plc Executes Share Buyback to Optimize Capital Structure

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Next plc ( (GB:NXT) ) has provided an announcement.

Next plc announced the purchase of 43,528 of its own ordinary shares at an average price of 9178.4574 pence per share, with the highest and lowest prices at 9410p and 9036p, respectively. This move, executed through UBS AG London Branch, is part of the company’s strategy to manage its capital structure, which now consists of 123,778,244 shares. The repurchase may influence shareholder interest disclosures under the FCA’s rules and indicates Next plc’s commitment to enhancing shareholder value.

More about Next plc

Next plc is a prominent British multinational clothing, footwear, and home products retailer. It operates primarily in the retail industry with a focus on offering a wide range of fashion and home products to a diverse customer base across multiple markets, including both physical stores and online platforms.

YTD Price Performance: -1.56%

Average Trading Volume: 383,821

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £11.01B

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

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