Next PLC
11 May 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 27 April 2006, the
suspension level has been exceeded and the contract terminated. Under this
contract, the Company purchased 25,000 ordinary shares for cancellation at a
price of 1537.08 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 23 November 2006, 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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