RELX : Announcement of Non-Discretionary Share Buyback Programme

Announcement of Non-Discretionary Share Buyback Programme

Released : 25 April 2019 12:11

LONDON--(BUSINESSWIRE)--

25 April 2019

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 £200 million in total between 25 April 2019 and 22 July 2019 (the "Programme"). Since 2 January 2019, the Company has purchased 14.9 million shares at a total cost of £250 million, leaving a further £350 million of the previously announced full year total of £600 million to be completed by year end.

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 RELX PLC Annual General Meeting held on 25 April 2019, which permits the Company to purchase no more than 201.1 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 UK 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 : [phone]

Paul Abrahams (Media)

Tel : [phone]

ISSUED ON BEHALF OF RELX PLC

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RELX PLC

Source: RELX PLC