8th Sep 2016 14:00
RNS Number : 3422J
Lewis(John) PLC
08 September 2016
8 September 2016
John Lewis plcProposed capital reduction
John Lewis plc (the "Company") is proposing, subject to shareholder approval, to repay its 5% First Cumulative Preference Stock and 7% Cumulative Preference Stock in accordance with their respective terms (the "Proposals"). A circular outlining the Proposals and setting out the relevant resolutions will be issued to shareholders shortly.
Assuming the Proposals are approved by shareholders, and following the repayment, the Company will no longer have any listed Cumulative Preference Stock.
Keith HubberCompany Secretary
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