9th Jun 2005 17:04
Next PLC09 June 2005 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 18 May 2005, it has todayentered into a contingent forward purchase contract with Deutsche Bank AG Londonunder which it may acquire up to a maximum of 1,350,000 ordinary shares forcancellation at a price of 1424.82 pence per share in the period up to 15December 2005. 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 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:
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