Next plc buys back shares for cancellation

Next PLC (GB:NXT) posted an update.

Next plc reported the purchase on the market of 24,414 of its own ordinary shares at an average price of 9,409.1824 pence per share, with prices ranging from 9,344p to 9,466p, all earmarked for cancellation. The transaction was executed through UBS AG’s London branch, resulting in a revised share capital of 127,052,101 shares, all carrying equal voting rights and none being held in cash.

For more news on GB:NXT stock, check out TipRanks’ Inventory Analysis page.