RELX PLC Non-Discretionary Share Buyback Programme
06 Dicembre 2024 - 8:00AM
RNS Regulatory News
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
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