8 September 2016
John Lewis plc
Proposed 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.
This announcement contains inside information
This information is provided by RNS