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LONDON - RELX PLC, a global provider of information-based analytics and decision tools for professional and business customers, has announced the initiation of a new share buyback programme. The company confirmed that it will repurchase its ordinary shares starting today and continuing until April 23, 2025, with an allocated spend of £450 million.
This move comes on the heels of completing a £150 million share buyback on February 7, 2025. Both of these repurchase efforts are components of a larger £1.5 billion share buyback strategy set for the year 2025, as declared by the company on the same day.
The announced programme is designed to reduce the capital of RELX PLC, and the company plans to hold the repurchased shares in treasury. The buyback will be executed within pre-determined parameters and is consistent with the authority granted by the company’s shareholders during the Annual General Meeting on April 25, 2024. This authority allows for the repurchase of up to 169.9 million ordinary shares, taking into account the shares acquired subsequent to the meeting.
In compliance with the UK and EU Market Abuse Regulations and the Listing Rules’ Chapter 12, the programme will be managed by UBS AG London Branch. RELX PLC has provided UBS with irrevocable instructions to manage the buyback process. UBS will conduct its trading decisions independently of the company, ensuring that all acquisitions are made without influence from RELX PLC.
The share repurchase is part of RELX PLC’s capital allocation strategy and reflects the company’s commitment to delivering value to its shareholders. The information regarding this programme is based on a press release statement issued by RELX PLC.
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