Next PLC (NXT) - Transaction in Own Shares
RNS Number : 4698P
24 October 2012
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
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
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
POSFESFILFESEIS -0- Oct/24/2012 15:51 GMT
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