RELX PLC Announcement of Non-Discretionary Share Buyback Programme
February 13 2020 - 6:00AM
UK Regulatory
TIDMREL
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 GBP50 million in total between 13 February 2020 and 22
April 2020 (the "Programme"). This follows the successful
completion of a GBP100 million non-discretionary programme on 10
February 2020. Both programmes are part of the GBP400 million to be
deployed on share buybacks in 2020, as announced on 13 February
2020.
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 25 April 2019 which,
taking into account shares purchased subsequent to this meeting,
permits the Company to purchase no more than 177.4 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.
-ENDS-
EnquiriesColin Tennant (Investors)Tel : +44 (0)20 7166 5751Paul
Abrahams (Media)Tel : +44 (0)20 7166 5724
ISSUED ON BEHALF OF RELX PLC
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February 13, 2020 06:00 ET (11:00 GMT)
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