15th Jul 2005 11:28
Next PLC15 July 2005 RESULT OF EXTRAORDINARY GENERAL MEETING NEXT held its Extraordinary General Meeting today and shareholders voted on anew risk/reward investment plan, similar to that implemented last year. The BOARD of NEXT is pleased to announce that, at the Extraordinary GeneralMeeting of NEXT shareholders held on 15 July 2005, the ordinary resolution thatthe Next Risk / Reward Investment Plan (the "Plan") be approved by shareholdersand the Directors authorised to take any action necessary to implement the Plan,such authority to expire at the date of the Company's Annual General Meeting in2006, was duly passed by a show of hands. The resolution was overwhelmingly supported by shareholders with over 96.6% ofproxy votes cast being cast in favour. Full details of proxy voting are givenbelow. +----------------------+---------------------+-----------------+---------------+| For | Against | TOTAL VOTES | Votes || | | CAST | withheld |+--------------+-------+--------------+------+-----------------+---------------+|No. of Votes | % |No. of Votes | % |No. of Votes |No. of Votes |+--------------+-------+--------------+------+-----------------+---------------+| 131,513,875 | 96.6% | 4,616,821 | 3.4% | 136,130,696 | 150,423 |+--------------+-------+--------------+------+-----------------+---------------+ Details of the Risk / Reward Plan and resolution are set out in the notice ofthe meeting contained in the circular posted to NEXT shareholders on 29 June2005 and also available on the Company's website (www.next.co.uk). John Barton, Chairman of the Remuneration Committee said: "We are delighted with the resounding support of our shareholders for thisscheme. It allows public companies to engineer exceptional rewards forexceptional performance, without incurring exceptional costs". For further information please contact: Next Plc Andrew McKinlay, Company Secretary Tel: 0116 284 2232Seonna Anderson, Deputy Company Secretary Tel: 0116 284 2170 Hudson Sandler Alistair Mackinnon-Musson Tel: 020 7796 4133 Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Next