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Next PLC - Leicester, England-based clothing and homeware retailer - Will redeem B shares on Friday in a £440.8 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. Current stock price: 13,587.50 pence, down 2.7% in London on Friday 12-month change: up 47% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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