RELX PLC AGM Trading Update
18 April 2018 - 8:30PM
UK Regulatory
TIDMREL
11.30am (BST)
18 April 2018
AGM TRADING UPDATE
RELX Group, the global professional information and analytics
company, has issued the following update on trading ahead of the
Annual General Meetings, reaffirming the outlook for the full
year.
-- Key business trends in 2018 year to date have remained consistent with
full year 2017 across our business
-- We have continued to focus on the organic development of increasingly
sophisticated information-based analytics and decision tools
that
deliver enhanced value to our customers
-- We have also continued to reshape our portfolio, targeting selective
acquisitions that support our organic growth strategies. Year to
date
we have completed 4 acquisitions for a total consideration of
GBP668m
-- We have now completed GBP325m of the previously announced GBP700m share
buyback, with the remaining GBP375m to be deployed by year
end
-- The simplification of our dual parent holding company structure is in
progress, and we intend to seek shareholder approval at meetings
to be
held by the two parent companies in June, with completion
expected in
third quarter 2018
-- The full year outlook is unchanged: We are confident that, by
continuing to execute on our strategy, we will deliver another
year of
underlying growth in revenue and in adjusted operating
profit,
together with growth in adjusted earnings per share on a
constant
currency basis
ENQUIRIES: Colin Tennant (Investors) Paul Abrahams (Media)
+44 (0)20 7166 5751 +44 (0)20 7166 5724
Notes for Editors about RELX Group
RELX Group is a global provider of information and analytics for
professional and business customers across industries. The Group
serves customers in more than 180 countries and has offices in
about 40 countries. It employs approximately 30,000 people of whom
almost half are in North America. RELX PLC is a London listed
holding company, which owns 52.9% of RELX Group. RELX NV is an
Amsterdam listed holding company, which owns 47.1% of RELX Group.
The shares are traded on the London, Amsterdam and New York Stock
Exchanges using the following ticker symbols: London: REL;
Amsterdam: REN; New York: RELX and RENX. The total market
capitalisation is approximately GBP30bn/EUR34bn/$43bn*.
*Note: Current market capitalisation can be found at
http://www.relx.com/investorcentre
Disclaimer Regarding Forward-Looking Statements
This results announcement contains forward-looking statements
within the meaning of Section 27A of the US Securities Act of 1933,
as amended, and Section 21E of the US Securities Exchange Act of
1934, as amended. These statements are subject to a number of risks
and uncertainties that could cause actual results or outcomes to
differ materially from those currently being anticipated. The terms
"outlook", "estimate", "project", "plan", "intend", "expect",
"should be", "will be", "believe", "trends" and similar expressions
identify forward-looking statements. Factors which may cause future
outcomes to differ from those foreseen in forward-looking
statements include, but are not limited to: current and future
economic, political and market forces; changes in law and legal
interpretations affecting the RELX Group intellectual property
rights; regulatory and other changes regarding the collection,
transfer or use of third party content and data; demand for the
RELX Group products and services; competitive factors in the
industries in which the RELX Group operates; compromises of our
data security systems and interruptions in our information
technology systems; legislative, fiscal, tax and regulatory
developments and political risks; exchange rate fluctuations; and
other risks referenced from time to time in the filings of RELX PLC
and RELX N.V. with the US Securities and Exchange Commission.
CAUTIONARY NOTE: This Announcement does not constitute or form
part of any offer to sell or subscribe for or any invitation to
purchase or subscribe for any securities or the solicitation of any
vote or approval in any jurisdiction pursuant to the
simplification. It does not constitute a prospectus or prospectus
equivalent document and investors should not make any investment
decision in relation to any shares referred to in this
Announcement. No offer of securities shall be made except by means
of a prospectus meeting the requirements of the Securities Act of
1933, as amended, and applicable European rules and regulations. A
prospectus is expected to be made available to shareholders on RELX
Group's website (www.relx.com) in due course.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC: In
addition to the prospectus to be made available to shareholders,
RELX PLC will file with the U.S. Securities and Exchange Commission
(the "SEC") a registration statement on Form F-4 that will include
the prospectus. RELX PLC plans to mail the prospectus to the
holders of American Depositary Shares of RELX N.V. and U.S. holders
of ordinary shares of RELX N.V. (collectively, "RELX NV U.S.
Shareholders") in connection with the Simplification. RELX N.V.
U.S. SHAREHOLDERS ARE URGED TO READ THE PROSPECTUS AND OTHER
RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT RELX PLC, RELX N.V., THE SIMPLIFICATION AND
RELATED MATTERS. RELX N.V. U.S. Shareholders will be able to obtain
free copies of the prospectus and other documents filed with the
SEC by RELX PLC and RELX N.V. through the website maintained by the
SEC at www.sec.gov. In addition, RELX N.V. U.S. Shareholders will
be able to obtain free copies of the prospectus and other documents
filed by RELX PLC with the SEC by contacting RELX Investor
Relations at 1-3 Strand, London WC2N 5JR or by calling +44 20 7166
5634.
Issued on behalf of RELX PLC and RELX NV
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180418005561/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
April 18, 2018 06:30 ET (10:30 GMT)
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