Next PLC
09 June 2005
Next plc
Off-market purchases by way of contingent purchase contract by the Company of
ordinary shares for cancellation
Next plc announces that, pursuant to the contingent forward purchase contract it
entered into with Goldman Sachs International on 30 March 2005, it has purchased
on 8 June 2005 50,000 ordinary shares for cancellation at a price of 1567.2 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 26 October 2005, 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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