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RELX plc ( (GB:REL) ) has provided an announcement.
RELX plc has announced the purchase of 246,239 of its ordinary shares via UBS AG London Branch, to be held as treasury shares. This transaction increases the total number of shares held in treasury to 24,422,846, with the company having acquired 4,815,176 shares since the beginning of the year. This move is part of RELX’s ongoing strategy to manage its share capital efficiently and could potentially enhance shareholder value by reducing the number of shares in circulation.
More about RELX plc
RELX plc is a global provider of information-based analytics and decision tools for professional and business customers across industries. The company operates in the science, technical & medical, risk, legal, and exhibitions sectors, offering a wide range of products and services that help enhance productivity and improve decision-making processes for its clients.
YTD Price Performance: 11.04%
Average Trading Volume: 4,435
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $94.5B
For a thorough assessment of REL stock, go to TipRanks’ Stock Analysis page.