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Announcement of Non-Discretionary Share Buyback Programme
13 February 2025
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 13 February 2025 and 23
April 2025 (the "Programme"), with a spend in this period of £450 million.
This follows the successful completion of a £150 million non-discretionary
programme on 7 February 2025. Both programmes are part of the £1.5 billion to
be deployed on share buybacks in 2025, as announced on 13 February 2025.
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 2024 which, taking into account shares purchased
subsequent to this meeting, permits the Company to purchase no more than 169.9
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 UBS AG London Branch ("UBS")
under which it has issued irrevocable instructions to UBS to manage the
Programme. UBS will carry out the Company’s instructions through the
acquisition of ordinary shares in the Company for subsequent repurchase by the
Company. UBS 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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