RNS Number : 0536P
RELX PLC
06 December 2024
 

6 December 2024

ISSUED ON BEHALF OF RELX PLC

Announcement of Non-Discretionary Share Buyback Programme and Cancellation of Shares held in Treasury

RELX PLC (the "Company") announces the completion of its share buyback programme for 2024. Since the start of the year, the Company has purchased 28.9 million shares at a total cost of £1 billion. Consistent with historical practice, and in compliance with the UK and EU Market Abuse Regulations, the Company also announces that it will implement an irrevocable, non-discretionary programme to repurchase its ordinary shares up to the value of £150 million in total between 2 January 2025 and 7 February 2025 (the "Programme"), ahead of the Company's results announcement on 13 February 2025.

The purpose of the Programme is to reduce the capital of the Company and it intends that shares purchased will be held in treasury.

Any share purchases will be made by the Company within certain pre-set parameters and in accordance with the general authority of the Company to repurchase shares granted by shareholders at the Company's Annual General Meeting held on 25 April 2024 which, taking into account shares purchased subsequent to this meeting, permits the Company to purchase no more than 173.7 million ordinary shares. Any share purchases effected by the Company will be in accordance with the UK and EU Market Abuse Regulations and Chapter 12 of the Listing Rules.

The Company has entered into an agreement with UBS AG London Branch ("UBS") under which it has issued irrevocable instructions to UBS to manage the Programme. UBS will carry out the Company's instructions through the acquisition of ordinary shares in the Company for subsequent repurchase by the Company. UBS will make its trading decisions under the Programme independently of, and uninfluenced by, the Company.

RELX PLC also announces that yesterday it cancelled 29 million of its ordinary shares held in treasury. Following the cancellation, RELX PLC holds a total of 19,607,670 ordinary shares in treasury and has 1,861,150,058 ordinary shares in issue (excluding treasury shares).

-ENDS-

Enquiries

Colin Tennant (Investors)

Tel : +44 (0)20 7166 5751

Paul Abrahams (Media)

Tel : +44 (0)20 7166 5724                                                                                           

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCTABMTMTTMTMI
Grafico Azioni Relx (LSE:REL)
Storico
Da Nov 2024 a Dic 2024 Clicca qui per i Grafici di Relx
Grafico Azioni Relx (LSE:REL)
Storico
Da Dic 2023 a Dic 2024 Clicca qui per i Grafici di Relx