27th Jun 2007 16:53
Next PLC27 June 2007 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 UBS AG London Branch on 9 May 2007, it has todaypurchased 50,000 ordinary shares for cancellation at a price of 2238.73 penceper 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 5 December 2007 at a fixed price that is at adiscount to the market price prevailing at the start of the contract period. Thecontract is contingent in that it would terminate early, and no further shareswould be purchased, if the Company's share price increases to a pre-determinedsuspension level during the contract period. This suspension level has been setat the start of the contract and is between 104% and 110% of the Company's shareprice at the start of the contract. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Next