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Transaction in Own Shares

31st Jan 2005 07:00

Next PLC31 January 2005 31 January 2005 Next plc Next close period share repurchase programme Next plc announces that it has commenced an irrevocable, non-discretionaryprogramme to purchase shares on its own behalf, for cancellation, during itsclose period which commences on 31 January 2005 and ends on 22 March 2005. Theprogramme may or may not result in Next shares being purchased but in any eventno more than 3.0 million shares will be acquired during the period. Acquisitions will be effected within certain pre-set parameters, and inaccordance with both Next's general authority to repurchase shares and Chapter15 of the Listing Rules which requires that the maximum price payable be limitedto no more than 105% of the average middle market closing price of Next sharesfor the 5 dealing days preceding the date of purchase. A J R McKinlayCompany SecretaryNext plc This information is provided by RNS The company news service from the London Stock Exchange

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