Transaction in Own Shares

RNS Number : 7412I

Next PLC

27 July 2012

 



27 July 2012

Next plc

Close Period Share Repurchase Programme

Next plc announces that it will commence an irrevocable, non-discretionary programme to purchase its own shares for cancellation during its close period.  The programme commences on 2 August 2012, the day following the Company's first half trading statement, and runs up to and including 12 September 2012, the day before the Company's results for the half year ending July 2012. The programme may or may not result in Next plc shares being purchased but in any event the maximum amount of shares acquired will not exceed 1 million shares.

Any shares purchased will be effected within certain pre-set parameters, and in accordance with both Next's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid to be limited to no more than 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase.

 

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