14th Mar 2008 16:41
Next PLC14 March 2008 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 Goldman Sachs International on 4 January 2008, ithas today purchased 50,000 ordinary shares for cancellation at a price of1335.45 pence per 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 1 August 2008, at a fixed price that is at a discountto the market price prevailing at the start of the contract period. The contractis contingent in that it would terminate early, and no further shares would bepurchased, if the Company's share price increases to a pre-determined suspensionlevel during the contract period. This suspension level has been set at thestart of the contract and is between 104% and 110% of the Company's share priceat 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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