REG-RELX PLC Announcement of Non-Discretionary Share Buyback Programme and Cancellation of Shares held in Treasury

RelxAnnouncement

21/04/2022 12:15

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Announcement of Non-Discretionary Share Buyback Programme and Cancellation of
Shares held in Treasury

 

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 in compliance with the UK and EU Market
Abuse Regulations that it will implement an irrevocable, non-discretionary
programme to repurchase its ordinary shares up to the value of £200 million
in total between 21 April 2022 and 25 July 2022 (the "Programme"). This
follows the successful completion of a £150 million non-discretionary
programme on 20 April 2022. Both programmes are part of the £500 million to
be deployed on share buybacks in 2022, as announced on 10 February 2022.

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 21 April 2022 which permits the Company to purchase no more
than 198.5 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 J.P. Morgan Securities plc
("JPMS plc") under which it has issued irrevocable instructions to JPMS plc to
manage the Programme. JPMS plc will carry out the Company’s instructions
through the acquisition of ordinary shares in the Company for subsequent
repurchase by the Company. JPMS plc will make its trading decisions under the
Programme independently of, and uninfluenced by, the Company.

RELX PLC also announces that today it cancelled 20 million of its ordinary
shares held in treasury. Following the cancellation, RELX PLC holds a total of
36,583,983 ordinary shares in treasury and has 1,929,278,585 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



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