Director/PDMR Shareholding

RNS Number : 4627L

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27 April 2015

 



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Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

In accordance with the NEXT Remuneration Policy and as most recently disclosed in the NEXT Annual Financial Report for the year ended January 2015 issued on 14 April 2015, any annual bonus payable to Lord Wolfson in excess of 100% of his base salary (and up to his maximum bonus of 150%) is payable in shares, deferred for a period of two years and subject to forfeiture if he voluntarily resigns prior to the end of that period.

Lord Wolfson's deferred bonus share entitlement for the year ended January 2015 was calculated and awarded on Friday 24 April 2015. Based on the closing price of NEXT shares at that date a deferred award of 5,180 shares was made.

The award will vest following the second anniversary of the date of award subject to Lord Wolfson's continued employment in the NEXT Group.

The total number of shares over which options or conditional share awards are held by Lord Wolfson following this notification is 122,700.

This notification is provided in accordance with DTR3.1.4R(1).

Seonna Anderson

Company Secretary

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