6th Dec 2005 16:38
Next PLC06 December 2005 Next plc Off-market purchases by way of contingent purchase contract by the Company ofordinary shares for cancellation Next plc announces today that, pursuant to the contingent forward purchasecontract it entered into with Goldman Sachs International on 22 November 2005,it has today purchased 50,000 ordinary shares for cancellation at a price of1354.40 pence per share. A J R McKinlayCompany SecretaryNext plc Editorial note: Under the contingent contract, the Company may purchase a fixed number of shareseach week in the period to 20 June 2006 (excluding 20 and 27 December 2005 and 3January 2006), at a fixed price that is at a discount to the market priceprevailing at the start of the contract period. The contract is contingent inthat it would terminate early, and no further shares would be purchased, if theCompany's share price increases to a pre-determined suspension level during thecontract period. This suspension level has been set at the start of the contractand is between 104% and 110% of the Company's share price at the start of thecontract. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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