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About this update from Next Plc
NEXT plc (the "Company") Public Company Limited by Shares Resolutions Passed on 21 May 2026 At the Annual General Meeting of the Company, duly convened and held at 9:00 am on Thursday 21 May 2026 at Leicester Marriott Hotel, Smith Way, Grove Park, Leicester LE19 1SW, the following resolutions numbered 19 to 20 were passed as Ordinary Resolutions and resolutions numbered 21 to 25 were passed as Special Resolutions: ORDINARY RESOLUTIONS NEXT Long Term Incentive Plan That the proposed amendment to the rules of the NEXT Long Term Incentive Plan (the LTIP) in the form presented to the AGM to reflect a change to the LTIP's provisions relating to the maximum grant quantum and to provide that the normal three-year minimum for the vesting period is limited to executive directors and the directors be authorised to adopt the amendment to the rules of the LTIP and do all such other acts and things as they may consider appropriate to implement the amendment. Directors' authority to allot shares That the directors be authorised, generally and unconditionally, to allot equity securities (as defined in Section 560 of the Companies Act 2006 (the 2006 Act)) in the Company and to grant rights to subscribe for or convert any security into shares in the Company: up to a maximum nominal amount of £4,000,000 (as reduced by any equity securities allotted under paragraph (b) below); and up to a maximum nominal amount of £8,000,000 (as reduced by any equity securities allotted under paragraph (a) above) in connection with a pre-emptive offer (including an offer by way of a rights issue or open offer); to ordinary shareholders in proportion (as nearly as may be practicable) to their existing holdings; and to holders of other equity securities as required by the rights of those securities or as the directors otherwise consider necessary, and so that the Board may impose any limits or restrictions and make any arrangements which it considers necessary or appropriate to deal with treasury shares, fractional entitlements, record dates, legal, regulatory or practical problems in, or under the laws of, any territory or any other matter. This authority shall expire at the conclusion of the next AGM of the Company after the passing of this resolution, or, if earlier, at the close of business on 21 August 2027. All previous unutilised authorities under Section 551 of the 2006 Act shall ceas...