Transaction in Own Shares

RNS Number : 2988K

Next PLC

26 July 2013

 



26 July 2013

Next plc

Close Period Share Repurchase Programme

Next plc announces that it has lodged an irrevocable, non-discretionary instruction to purchase its own shares for cancellation during its close period.  This may or may not result in Next plc shares being purchased but in any event the maximum amount of shares acquired will not exceed 1,000,000 (one million) shares.  The first day of any purchases will be 31 July 2013, the day following the Company's first half trading statement, and the last day will be 6 September 2013.

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.

Mr A J R McKinlay

Company Secretary

Next plc

 

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