30th Jun 2005 16:50
Next PLC30 June 2005 Next plc Off-market purchases by way of contingent purchase contract by the Company ofordinary shares for cancellation Next plc announces that, pursuant to the contingent forward purchase contract itentered into with Deutsche Bank AG London on 9 June 2005, it has today purchased50,000 shares for cancellation at a price of 1424.82 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 15 December 2005, 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