NEXT PLC Director Acquires Shares Under Deferred Bonus Plan
On April 26, 2024, NEXT PLC announced that its Chief Executive, Lord Wolfson, acquired 3,907 ordinary shares in the company under the terms of the 2022-2024 Deferred Bonus Plan. This acquisition is in line with the Company's Remuneration Policy and the Chief Executive's annual bonus, which is payable in shares and deferred for a period of two years subject to his continued employment in the NEXT Group. The share award is after settlement of income tax and employees' national insurance contributions.
Lord Wolfson's share entitlement was calculated and awarded based on the closing price of NEXT PLC shares on April 26, 2024. Additionally, Lord Wolfson also received a conditional award of 4,978 shares under the NEXT PLC Deferred Bonus Plan on the same date.
The notification of these transactions is in accordance with article 19 of the UK Market Abuse Regulation. The transactions were conducted outside a trading venue. The details of the transactions and the person discharging managerial responsibilities were provided in the announcement.
This news provides insight into the Company's remuneration policy and the acquisition of shares by its Chief Executive under the Deferred Bonus Plan, reflecting the alignment of the executive's interests with the company's performance and long-term goals.