19th Nov 2007 16:40
Next PLC19 November 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 contingent forward purchasecontract with Goldman Sachs International on 25 June 2007, it has todaypurchased 50,000 ordinary shares for cancellation at a price of 1930.96 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 21 January 2008 (excluding 24 and 31 December 2007and 7 January 2008), 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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