Next PLC
16 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 Deutsche Bank AG London on 9 June 2005, it has today purchased
50,000 shares for cancellation at a price of 1424.82 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 15 December 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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