TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Next plc |
2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
X |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation:
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BlackRock, Inc. |
4. Full name of shareholder(s) (if different from 3.):
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5. Date of the transaction and date on which the threshold is crossed or reached:
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2 December 2010 |
6. Date on which issuer notified:
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6 December 2010 |
7. Threshold(s) that is/are crossed or reached:
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Holding has gone below 13% |
8. Notified details: |
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A: Voting rights attached to shares
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights |
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Direct |
Direct |
Indirect |
Direct |
Indirect |
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GB0032089863 |
22,976,243 |
22,976,243 |
N/A |
N/A |
21,936,436 |
N/A |
11.97% |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Expiration |
Exercise/ |
Number of voting
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% of voting |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
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Resulting situation after the triggering transaction
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Type of financial |
Exercise |
Expiration |
Exercise/ |
Number of voting |
% of voting rights
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|
CFD |
N/A |
N/A |
N/A |
799,369 |
Nominal |
Delta
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0.44% |
0.44% |
Total (A+B+C)
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Number of voting rights |
Percentage of voting rights |
22,735,805 |
12.40% |
9. Chain of controlled undertakings through which the voting rights and/or the |
BlackRock Investment Management (UK) Limited - 22,735,805 (12.40%) |
Proxy Voting:
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10. Name of the proxy holder:
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11. Number of voting rights proxy holder will cease to hold:
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12. Date on which proxy holder will cease to hold voting rights:
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13. Additional information:
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BlackRock Threshold Reporting Team |
14. Contact name:
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Stuart Watchorn |
15. Contact telephone number:
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020 7743 5741; stuart.watchorn@blackrock.com |