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REL Relx Plc

3,424.00
-3.00 (-0.09%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Relx Plc LSE:REL London Ordinary Share GB00B2B0DG97 ORD 14 51/116P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -0.09% 3,424.00 3,432.00 3,433.00 3,460.00 3,414.00 3,430.00 3,568,767 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Publishing 9.16B 1.78B 0.9458 36.29 64.63B

RELX PLC Announcement of Non-Discretionary Share Buyback Programme

19/04/2018 12:15pm

UK Regulatory


Relx (LSE:REL)
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From Mar 2019 to Mar 2024

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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.

 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20180419005681/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

April 19, 2018 07:15 ET (11:15 GMT)

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