REG-RELX PLC Announcement of Non-Discretionary Share Buyback Programme

RelxAnnouncement

27/07/2023 11:00

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Announcement of Non-Discretionary Share Buyback Programme

 

27 July 2023

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 27 July 2023 and 6
December 2023 (the "Programme"), with a spend in this period of £200 million.
This follows the successful completion of a £250 million non-discretionary
programme on 24 July 2023. Both programmes are part of the £800 million to be
deployed on share buybacks in 2023, as announced on 16 February 2023. Since
the start of the year, the Company has purchased 23.7 million shares at a
total cost of £600 million.

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 20 April 2023 which, taking into account shares purchased
subsequent to this meeting, permits the Company to purchase no more than
183.84 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.

-ENDS-

Enquiries

Colin Tennant (Investors)

Tel : +44 (0)20 7166 5751

Paul Abrahams (Media)

Tel : +44 (0)20 7166 5724



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