30th Aug 2006 16:41
Next PLC30 August 2006 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 19 July 2006, ithas today purchased 50,000 ordinary shares for cancellation at a price of1599.91 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 14 February 2007 (excluding 20 and 27 December 2006and 3 January 2007), 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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