Announcement of Non-Discretionary Share Buyback Programme
RELX PLC
25 October 2018
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 it will implement an irrevocable, non-discretionary programme to repurchase its ordinary shares up to the value of £50 million (subject to exchange rate fluctuations) in total between 25 October 2018 and 5 December 2018 (the "Programme"). Since 2 January 2018, the Company, together with RELX N.V. (prior to the completion of the corporate structure simplification of RELX Group), has purchased 41.3 million shares at a total cost of approximately £650 million, leaving a further £50 million of the previously announced full year total of £700 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 Company’s Annual General Meeting held on 19 April 2018 which, taking into account shares purchased subsequent to this meeting, permits the Company to purchase no more than 99.7 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
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