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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

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

Next plc has executed a share buyback program, purchasing 10,974 of its ordinary shares for cancellation at an average price of 10,011.4928 pence per share. This move is part of a previously announced strategy to manage its capital structure and potentially enhance shareholder value. Following this transaction, the company’s total share capital consists of 123,388,534 shares, which stakeholders can use to assess their holdings in compliance with regulatory requirements.

More about Next plc

Next plc is a prominent UK-based retailer operating in the fashion and homeware industry. The company is known for its wide range of clothing, footwear, and home products, catering to a diverse customer base through both physical stores and a strong online presence.

YTD Price Performance: 5.39%

Average Trading Volume: 418,275

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £11.74B

For a thorough assessment of NXT stock, go to TipRanks’ Stock Analysis page.

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