tiprankstipranks
Company Announcements

Next plc Executes Share Buyback to Optimize Capital Structure

Story Highlights
  • Next plc has initiated a share buyback program, purchasing 10,938 ordinary shares.
  • The buyback reduces Next plc’s share capital to 123,497,989 shares, affecting shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Next plc Executes Share Buyback to Optimize Capital Structure

Discover the Best Stocks and Maximize Your Portfolio:

The latest update is out from Next plc ( (GB:NXT) ).

Next plc, a major retail company, has announced a share buyback program involving the purchase of 10,938 ordinary shares for cancellation at a price of 10,043.9130 pence per share. This move aims to reduce the company’s share capital, which now consists of 123,497,989 shares, potentially impacting shareholder value and market perception of the company.

More about Next plc

YTD Price Performance: 5.44%

Average Trading Volume: 427,949

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £11.75B

See more insights into NXT stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1