Last checked at 24 Oct 2019 11:00
24 October 2019
ISSUED ON BEHALF OF RELX PLC
Announcement of Non-Discretionary Share Buyback Programme
RELX PLC (the "Company") announces in compliance with the EU Market Abuse Regulation that, as part of its previously announced £600 million programme for 2019, it will implement an irrevocable, non-discretionary programme to repurchase its ordinary shares up to the value of £50 million in total between 24 October 2019 and 4 December 2019 (the "Programme"). Since 2 January 2019, the Company has purchased 30.9 million shares at a total cost of £550 million, leaving a further £50 million of the previously announced full year total of £600 million to be completed by year end.
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 RELX PLC Annual General Meeting held on 25 April 2019 which, taking into account shares purchased subsequent to this meeting, permits the Company to purchase no more than 185.1 million ordinary shares. Any share purchases effected by the Company will be in accordance with the EU Market Abuse Regulation and Chapter 12 of the UK Listing Rules.
-ENDS-
Enquiries
Colin Tennant (Investors)
Tel : +44 (0)20 7166 5751
Paul Abrahams (Media)
Tel : +44 (0)20 7166 5724
View source version on businesswire.com: https://www.businesswire.com/news/home/20191024005071/en/
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