RELX PLC Buys Back 36,997 Shares, Boosting Treasury Holdings
Ticker: RLXXF · Form: 6-K · Filed: Jan 2, 2024 · CIK: 929869
| Field | Detail |
|---|---|
| Company | Relx PLC (RLXXF) |
| Form Type | 6-K |
| Filed Date | Jan 2, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: share-buyback, treasury-shares, capital-allocation
TL;DR
**RELX PLC just bought back 36,997 shares, signaling confidence and potentially boosting EPS.**
AI Summary
RELX PLC announced on January 2, 2024, that it purchased 36,997 of its own ordinary shares on the London Stock Exchange through JP Morgan Securities plc. These shares will be held as treasury shares, bringing the total treasury shares to 50,489,995 and leaving 1,887,258,855 ordinary shares in issue. This matters to investors because share buybacks can reduce the number of outstanding shares, potentially increasing earnings per share and signaling management's confidence in the company's valuation.
Why It Matters
Share buybacks can enhance shareholder value by reducing the number of shares outstanding, which can lead to higher earnings per share and a more attractive stock valuation.
Risk Assessment
Risk Level: low — This filing reports a routine share buyback, which is generally a positive or neutral event for investors.
Analyst Insight
A smart investor would view this as a routine capital allocation move. While positive, it's unlikely to be a major catalyst. Investors should monitor the overall buyback program's scale and its impact on EPS over time, rather than focusing on individual small transactions.
Key Numbers
- 36,997 — ordinary shares purchased (the number of shares bought back on December 1, 2023)
- 50,489,995 — total ordinary shares held in treasury (the new total of shares held by the company after the purchase)
- 1,887,258,855 — ordinary shares in issue (the number of shares available to the public, excluding treasury shares)
- 30,689,928 — ordinary shares purchased since January 3, 2023 (the cumulative number of shares bought back by RELX PLC in the current program)
Key Players & Entities
- RELX PLC (company) — the registrant purchasing its own shares
- JP Morgan Securities plc (company) — the broker facilitating the share purchase
- A. Westley (person) — Deputy Secretary who signed the filing
- London Stock Exchange (company) — the market where shares were purchased
Forward-Looking Statements
- RELX PLC will continue its share buyback program. (RELX PLC) — medium confidence, target: 2024-12-31
FAQ
What was the specific number of ordinary shares RELX PLC purchased on December 1, 2023?
RELX PLC purchased 36,997 ordinary shares of 14 51/116 pence each on the London Stock Exchange on December 1, 2023.
Who facilitated the purchase of these shares for RELX PLC?
The purchase of these shares was facilitated through JP Morgan Securities plc.
How many ordinary shares does RELX PLC now hold in treasury after this transaction?
Following this purchase, RELX PLC now holds 50,489,995 ordinary shares in treasury.
What is the total number of ordinary shares in issue for RELX PLC, excluding treasury shares, as reported in this filing?
RELX PLC has 1,887,258,855 ordinary shares in issue, excluding treasury shares.
What is the cumulative number of ordinary shares RELX PLC has purchased since January 3, 2023?
Since January 3, 2023, RELX PLC has purchased a total of 30,689,928 ordinary shares.
Filing Stats: 163 words · 1 min read · ~1 pages · Grade level 6.2 · Accepted 2024-01-02 13:16:05
Filing Documents
- tmb-20240102x6k.htm (6-K) — 23KB
- tmb-20240102xex99d1.htm (EX-99.1) — 517KB
- tmb-20240102xex99d2.htm (EX-99.2) — 488KB
- tmb-20240102xex99d3.htm (EX-99.3) — 782KB
- tmb-20240102xex99d4.htm (EX-99.4) — 744KB
- tmb-20240102xex99d5.htm (EX-99.5) — 4KB
- tmb-20240102xex99d6.htm (EX-99.6) — 24KB
- 0000929869-24-000003.txt ( ) — 2582KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. RELX PLC Date: 01/02/2024 By: /s/ A. Westley Name: A. Westley Title: Deputy Secretary