6th Dec 2019 08:52
(Alliance News) - RELX PLC said Friday it will implement a new share repurchase programme as it announced the completion of its GBP600 million share buyback programme for 2019.
The business information publisher said it will implement a programme to repurchase its ordinary shares up to the value of GBP100 million in total between January 2 and February 10, 2020, ahead of its annual results on February 13.
The company said the purpose of the programme is to reduce the capital of the company, and it intends that shares purchased will be held in treasury.
RELX also said that on Thursday it cancelled 33.3 million of its ordinary shares held in treasury. Following the cancellation, the company now holds a total of 42 million shares in treasury and has 1.9 billion shares in issue.
RELX shares were broadly flat in London at 1,803.50 pence each on Friday morning.
By Loreta Juodagalvyte; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
Relx