24th Apr 2007 17:03
Next PLC24 April 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 authority granted at the AnnualGeneral Meeting of the Company's shareholders on 17 May 2006, it has enteredinto a contingent forward purchase contract with UBS AG London Branch on 24April 2007 under which it may acquire up to a maximum of 1,500,000 ordinaryshares for cancellation at a price of 2082.61 pence per share in the period upto 20 November 2007. 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 20 November 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:
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