5th Jan 2005 16:58
Next PLC05 January 2005 Next plc Off-market purchases by way of contingent purchase contract by the Company ofordinary shares for cancellation Next plc announces that, pursuant to the contingent forward purchase contract itentered into with Goldman Sachs International on 1 December 2004, it has todaypurchased 50,000 ordinary shares for cancellation at a price of 1575 pence pershare. A J R McKinlayCompany SecretaryNext plc Editorial note: Under the contingent contract, the Company may purchase a fixed number of shareseach week (other than in the weeks ending 22 and 29 December 2004), in theperiod to 29 June 2005, at a fixed price that is at a discount to the marketprice prevailing at the start of the contract period. The contract is contingentin that it would terminate early, and no further shares would be purchased, ifthe Company's share price increases to a pre-determined suspension level duringthe contract period. This suspension level has been set at the start of thecontract and is between 104% and 110% of the Company's share price at the startof the contract. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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