Source - SMW
John Lewis plc 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. 

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.

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Lewis(John) (BB90)

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delayed 18:15PM