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28 Mar 2017 17:05
Next plc ("Next" and the "Company")
Ordinary Shares of 10 pence each ("Shares")
For immediate release
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility ("PDMR") and Connected Persons
The following notification is made under article 19 of the Market Abuse Regulation ("MAR").
On 27 March 2017 certain directors/ PDMRs acquired a number of Shares each in the Company as part of a vesting of share awards under the March 2014-2017 Long Term Incentive Plan ("LTIP").
This announcement is made in accordance with Article 19.3 of MAR.
Name of Director | Number of shares acquired * |
Lord Simon Wolfson | 1,397 |
Amanda James | 248 |
Michael Law | 575 |
Jane Shields | 575 |
* These share awards are after settlement of income tax and employees national insurance contributions. These shares must be retained for a minimum period of two years from 27 March 2017.
1. | Details of Director/PDMR | |
a) | Name | 1. Lord Wolfson of Aspley Guise 2. Amanda James 3. Michael Law 4. Jane Shields |
b) | Position / status | 1. Chief Executive 2. Group Finance Director 3. Group Operations Director 4. Group Sales and Marketing Director |
c) | Initial notification / amendment | Initial notification |
2. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument | Ordinary shares of £0.10 each GB0032089863 |
b) | Nature of the transaction | Vesting of Share award under a Next plc LTIP. Number of Shares as follows: 1. Lord Wolfson of Aspley Guise - 1,397 2. Amanda James - 248 3. Michael Law - 575 4. Jane Shields - 575 |
c) | Price(s) and volume(s) | Closing price as at 27 March 2017: £42.32 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 27 March 2017 |
f) | Place of transaction | N/A |
Seonna Anderson
Company Secretary
Next (NXT)
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