AGM Current Trading Stmnt

Next PLC 17 May 2000 Contact: David Jones, Chief Executive David Keens, Finance Director Next plc Tel: 0116 286 6411 Alistair Mackinnon-Musson Philip Dennis Hudson Sandler Tel: 020 7796 4133 NEXT PLC AGM Current Trading Statement At the Annual General Meeting held today, 17 May 2000, the Chairman of Next plc will make the following statement: 'In March we announced our results for the year to January 2000 and details of our sales performance in the first seven weeks of the current financial year. A further statement on current trading was made on 2 May. The two weeks since then have been exceptionally strong. As a result, in the first 15 weeks of this financial year sales in NEXT Retail are 11% ahead of the previous year. Like for like sales in the 276 stores which have been trading for at least one year are 5% ahead. NEXT Directory sales for the first 15 weeks are 9% ahead of the previous year. Taken together, sales for the NEXT Brand are 10.5% ahead of the previous year. In March we also announced, as part of our ongoing strategy, the intention to buy back up to 10% of our own shares. Since that date the Company has purchased for cancellation 37.4 million of its shares, representing 10% of those previously in issue, at a total cost of £191.8 million. The Company now has 337 million shares in issue'

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Next (NXT)
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