16th Jan 2026 08:23
Next PLC - Leicester, England-based clothing and homeware retailer - Will redeem B shares on Friday in a GBP440.8 million return of capital to shareholders announced in December. The scheme, which sees a company issue B shares to ordinary shareholders and then buy them back, was approved at a general meeting held on Thursday. Next issued 122.4 million B shares on Thursday, one for each ordinary share, and will redeem them on Friday for 360 pence each. The B shares then will be cancelled. Payment to shareholders will be made on January 28, Next says. Read More
