Next PLC
02 December 2005
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 13 October 2005,
the suspension level has been exceeded and the contract terminated. Under this
contract, the Company purchased a total of 300,000 ordinary shares for
cancellation at a price of 1242.00 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 11 May 2006 (excluding 22 and 29 December 2005 and 5
January 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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