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Relx announces non-discretionary share buyback

08 December 2016 07:54

RELX PLC and RELX N.V. said following the conclusion of their £700m share buyback programme in 2016, they will implement an irrevocable, non-discretionary programme to repurchase their respective ordinary shares up to the value of £100m between Jan. 1, 2017, and Feb. 20, 2017.

This was ahead of the companies' results announcement on 23 February 2017.

"The ratio of the respective ordinary shares to be bought back by each of the Companies over the course of this period will be set by reference to the Companies respective economic interests in RELX Group plc," they said.

"The purpose of the Programme is to reduce the capital of the Companies. The Companies intend that shares purchased will be held in treasury."

Story provided by StockMarketWire.com

Related Company: REL

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