RELX PLC Non-Discretionary Share Buyback Programme (1422Q)
February 16 2023 - 5:00AM
UK Regulatory
TIDMREL
RNS Number : 1422Q
RELX PLC
16 February 2023
16 February 2023
ISSUED ON BEHALF OF RELX PLC
Announcement of Non-Discretionary Share Buyback Programme
RELX PLC (the "Company") announces in compliance with the UK and
EU Market Abuse Regulations that it will implement an irrevocable,
non-discretionary programme to repurchase its ordinary shares
between 16 February 2023 and 19 April 2023 (the "Programme"), with
a spend in this period of GBP200 million. This follows the
successful completion of a GBP150 million non-discretionary
programme on 13 February 2023. Both programmes are part of the
GBP800 million to be deployed on share buybacks in 2023, as
announced on 16 February 2023.
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 21 April 2022 which,
taking into account shares purchased subsequent to this meeting,
permits the Company to purchase no more than 177.0 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 J.P. Morgan
Securities plc ("JPMS plc") under which it has issued irrevocable
instructions to JPMS plc to manage the Programme. JPMS plc will
carry out the Company's instructions through the acquisition of
ordinary shares in the Company for subsequent repurchase by the
Company. JPMS plc will make its trading decisions under the
Programme independently of, and uninfluenced by, the Company.
-ENDS-
Enquiries
Colin Tennant (Investors)
Tel : +44 (0)20 7166 5751
Paul Abrahams (Media)
Tel : +44 (0)20 7166 5724
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END
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