24th Nov 2005 16:51
Next PLC24 November 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 10 November 2005, it hastoday purchased 50,000 ordinary shares for cancellation at a price of 1283.91pence per share. A J R McKinlayCompany SecretaryNext plcEditorial note: Under the contingent contract, the Company may purchase a fixed number of shareseach week in the period to 8 June 2006 (excluding 22 and 29 December 2005 and 5January 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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