Next PLC
18 August 2006
Next plc
Off-market purchases by way of contingent purchase contract by the Company of
ordinary shares for cancellation
Next plc announces today that, pursuant to the contingent forward purchase
contract it entered into with Goldman Sachs International on 16 June 2006, it
has today purchased 50,000 ordinary shares for cancellation at a price of
1592.98 pence per share.
A J R McKinlay
Company Secretary
Next plc
Editorial note:
Under the contingent contract, the Company may purchase a fixed number of shares
each week in the period to 12 January 2007 (excluding 22 and 29 December 2006
and 5 January 2007), at a fixed price that is at a discount to the market price
prevailing at the start of the contract period. The contract is contingent in
that it would terminate early, and no further shares would be purchased, if the
Company's share price increases to a pre-determined suspension level during the
contract period. This suspension level has been set at the start of the contract
and is between 104% and 110% of the Company's share price at the start of the
contract.
This information is provided by RNS
The company news service from the London Stock Exchange
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