NEXT plc Scoops up its Shares on the Market: A Bold Move in Corporate Strategy

In an unexpected manoeuvre, UK-based retail behemoth NEXT plc recently scooped up an impressive 36,317 of its own ordinary shares. This bold move, which took place on the stock market, shows clear signs of a transformative approach towards the company’s capital strategy. Notably, the shares were bought at a price of 11,000.8928 pence per share, with the highest price paid per share at 11,075 pence and the lowest price paid per share at 10,940 pence. The buying process was conducted through the financial brokerage UBS AG London Branch.

This purchase leads to a change in the company’s registered share capital, which now consists of 123,151,965 shares. NEXT plc thus provides a key hint for its shareholders as to how they might need to notify their interest or any changes to their interest in the company, in line with the FCA’s Disclosure Guidance and Transparency Rules.