Next PLC NXT Transaction in Own Shares

  Next PLC (NXT) - Transaction in Own Shares

RNS Number : 4698P
Next PLC
24 October 2012
 



Next plc

 

Off-market purchases by way of contingent purchase contract by the Company  of 
ordinary shares for cancellation

 

Next plc announces  today that,  pursuant to the  contingent forward  purchase 
contract it  entered  into with  UBS  AG on  10  October 2012,  it  has  today 
purchased 13,910 ordinary shares for cancellation at a price of 3461.14  pence 
per share.

 

Following these purchases, the Company's registered share capital consists  of 
163,658,704 ordinary shares of 10 pence each.  All of the ordinary shares have
equal voting rights and there are no shares held in Treasury. This figure  may 
be used by  shareholders to  determine if they  are required  to notify  their 
interest, or  a  change  to  their  interest, in  Next  plc  under  the  FSA's 
Disclosure and Transparency Rules.

 

A J R McKinlay

Company Secretary

Next plc

 

 

Editorial note:

 

Under the contingent  contract, the  Company may  purchase a  fixed number  of 
shares each week in the period  to 8 May 2013, at a  fixed price that is at  a 
discount to the market price prevailing  at the start of the contract  period. 
The contract is contingent  in that it would  terminate early, and no  further 
shares would  be  purchased, if  the  Company's  share price  increases  to  a 
pre-determined suspension level  during the contract  period. This  suspension 
level has been set at the start of  the contract and is between 104% and  110% 
of the Company's share price at the start of the contract.

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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POSFESFILFESEIS -0- Oct/24/2012 15:51 GMT