4 Apr 2017 13:36
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 3 April 2017 certain directors/ PDMRs acquired a number of Shares each in the Company following an exercise of share options under the April 2013-2016 Share Matching Plan ("SMP").
This announcement is made in accordance with Article 19.3 of MAR.
Name of Director | Number of Shares acquired * |
Lord Simon Wolfson | 4,878 |
Michael Law | 1,308 |
Jane Shields | 1,306 |
* This share award is after settlement of income tax and employees national insurance contributions.
1. | Details of Director/PDMR | |
a) | Name | 1. Lord Wolfson of Aspley Guise 2. Michael Law 3. Jane Shields |
b) | Position / status | 1. Chief Executive Officer 2. Group Operations Director 3. 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 | Exercise of Share award under a Next plc SMP. Number of shares as follows: 1. Lord Wolfson of Aspley Guise - 4,878 2. Michael Law - 1,308 3. Jane Shields - 1,306 |
c) | Price(s) and volume(s) | Closing price as at 3 April 2017 - £41.66 |
d) | Aggregated information | N/A |
e) | Date of the transaction | 3 April 2017 |
f) | Place of transaction | N/A |
Seonna Anderson
Company Secretary
Next (NXT)