RELX PLC Announcement of Non-Discretionary Share Buyback Programme
April 19 2018 - 7:15AM
UK Regulatory
TIDMREL
19 April 2018
RELX PLC and RELX N.V. (the "Companies") announce in compliance
with the EU Market Abuse Regulation that they will implement an
irrevocable, non-discretionary programme to repurchase their
respective ordinary shares up to the value of GBP200 million in
total between 19 April 2018 and 23 July 2018 (the "Programme").
Combined, since 2 January 2018, the Companies have purchased 21.3
million shares at a total cost of approximately GBP325 million,
leaving a further GBP375 million of the previously announced full
year total of GBP700 million to be completed by year end.
The ratio of the respective ordinary shares to be bought back by
each of the Companies over the course of the Programme will be set
by reference to the Companies' respective economic interests in
RELX Group plc. The purpose of the Programme is to reduce the
capital of the Companies. The Companies intend that shares
purchased will be held in treasury.
Any share purchases will be made by the Companies within certain
pre-set parameters and in accordance with the general authorities
of the Companies to repurchase shares granted by shareholders at
the RELX PLC Annual General Meeting held on 19 April 2018 and the
RELX N.V. Annual General Meeting held on 18 April 2018 which permit
the Companies to purchase no more than 112.3 million ordinary
shares of RELX PLC and 100.0 million ordinary shares of RELX N.V.
Any share purchases effected by the Companies will be in accordance
with the EU Market Abuse Regulation and, in addition, any share
purchases effected by RELX PLC will be in accordance with Chapter
12 of the UK Listing Rules.
-ENDS-
EnquiriesColin Tennant (Investors)Tel : +44 (0)20 7166 5751Paul
Abrahams (Media)Tel : +44 (0)20 7166 5724
ISSUED ON BEHALF OF RELX PLC AND RELX N.V.
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(END) Dow Jones Newswires
April 19, 2018 07:15 ET (11:15 GMT)
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