4th Jan 2008 16:51
Next PLC04 January 2008 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 authority granted at the AnnualGeneral Meeting of the Company's shareholders on 16 May 2007, it has enteredinto a contingent forward purchase contract with Goldman Sachs International on4 January 2008 under which it may acquire up to a maximum of 1,500,000 ordinaryshares for cancellation at a price of 1335.45 pence per share in the period upto 1 August 2008. This announcement does not constitute, or form part of, an offer or anysolicitation of an offer for securities in any jurisdiction. 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 1 August 2008, at a fixed price that is at a discountto the market price prevailing at the start of the contract period. The contractis contingent in that it would terminate early, and no further shares would bepurchased, if the Company's share price increases to a pre-determined suspensionlevel during the contract period. This suspension level has been set at thestart of the contract and is between 104% and 110% of the Company's share priceat the start of the contract. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Next