5th Oct 2005 16:45
Next PLC05 October 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 contingent forward purchasecontract it entered into with UBS AG London Branch on 13 July 2005, it has todaypurchased 50,000 ordinary shares for cancellation at a price of 1483.83 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 8 February 2006 (excluding 21 and 28 December 2005and 4 January 2006), at a fixed price that is at a discount to the market priceprevailing at the start of the contract period. The contract is contingent inthat it would terminate early, and no further shares would be purchased, if theCompany's share price increases to a pre-determined suspension level during thecontract period. This suspension level has been set at the start of the contractand is between 104% and 110% of the Company's share price at the start of thecontract. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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