RELX PLC Announcement of Non-Discretionary Share Buyback Programme and Cancellation of Shares held in Treasury
December 07 2018 - 2:00AM
UK Regulatory
TIDMREL
7 December 2018
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 GBP700
million share buyback programme for 2018. Consistent with prior
year practice, and in compliance with the EU Market Abuse
Regulation, the Company also announces that it will implement an
irrevocable, non-discretionary programme to repurchase its ordinary
shares up to the value of GBP100 million in total between 2 January
2019 and 18 February 2019 (the "Programme"), ahead of the Company's
results announcement on 21 February 2019.
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 96 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 Listing Rules.
RELX PLC also announces that yesterday it cancelled 45 million
of its ordinary shares held in treasury. Following the
cancellation, RELX PLC holds a total of 42,023,020 ordinary shares
in treasury, and has 1,968,861,495 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
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181206005707/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 07, 2018 02:00 ET (07:00 GMT)
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