Transaction in Own Shares

RNS Number : 3882G

Next PLC

29 January 2010

 



29 January 2010

Next plc

Close Period share repurchase programme

Next plc announces that it has commenced an irrevocable, non-discretionary programme to purchase its own shares for cancellation during its close period. The programme commences on 1 February 2010 and runs up to and including 19 March 2010. The programme may or may not result in Next plc shares being purchased but in any event the maximum cost of shares acquired will not exceed £70 million (excluding commissions and taxes).

Any shares purchased will be effected within certain pre-set parameters and in accordance with both Next's general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price paid to be limited to no more than 105 per cent of the average middle market closing price of the Company's shares for the 5 dealing days preceding the date of purchase. Next plc confirms that it currently has no unpublished price sensitive information.

 

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