Relx PLC — AGM Information 2024

Apr 25, 2024

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author: Marsha Watson
date: 2024-04-25 11:57:00+00:00

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RESOLUTION 20 - NOTICE PERIOD FOR GENERAL MEETINGS

RELX PLC Company Number: 77536

Non-Routine Resolutions

Pursuant to listing rule 9.6.2, the following non-routine resolutions were passed at the RELX PLC 2024 Annual General Meeting, duly convened and held on Thursday, 25 April 2024:

RESOLUTION 16 – AUTHORITY TO ALLOT SHARES

It was resolved as an ordinary resolution that:

(a) the directors are generally and unconditionally authorised pursuant to Section 551 of the Companies Act 2006 (the Act) to:

allot shares in the Company, and to grant rights to subscribe for or to convert any security into shares in the Company:

up to an aggregate nominal amount of £90.6 million; and

comprising equity securities (as defined in the Act) up to an aggregate nominal amount of £181.2 million; (including within such limit the nominal value of any shares allotted or in respect of which rights are granted under paragraph (A) above) in connection with an offer:

to holders of ordinary shares in proportion (as nearly as may be practicable) to their existing holdings; and

to people who are holders of other equity securities if this is required by the rights of those securities or, if the Directors consider it necessary, as permitted by the rights of those securities,

and so that the Directors may impose any limits or restrictions and make any arrangements which they consider necessary or appropriate to deal with treasury shares, fractional entitlements, record dates, legal, regulatory or practical problems in, or under the laws of, any territory or any other matter; for a period expiring (unless previously renewed, varied or revoked by the Company in general meeting) at the end of the next AGM of the Company after the date on which this resolution is passed (or, if earlier, at the close of business on 25 July 2025); and

make an offer or agreement, before this authority expires, which would or might require shares to be allotted, or rights to subscribe for or convert any security into shares to be granted, after expiry of this authority and the directors may allot shares and grant rights in pursuance of that offer or agreement as if this authority had not expired;

(b) subject to paragraph (c) below all existing authorities given to the directors pursuant to Section 551 of the Act to allot shares and to grant rights to subscribe for or to convert any security into shares by way of the ordinary resolution of the Company passed on 20 April 2023 are revoked by this resolution; and

(c) paragraph (b) above shall be without prejudice to the continuing authority of the directors to allot shares, or grant rights to subscribe for or convert any security into shares, pursuant to an offer or agreement made by the Company before the expiry of the authority pursuant to which such offer or agreement was made.

RESOLUTION 17 – DISAPPLICATION OF PRE-EMPTION RIGHTS

It was resolved as a special resolution that:

That, subject to the passing of resolution 16 in the Notice and in place of all existing powers, the Directors are empowered pursuant to Section 570 and Section 573 of the Act to allot equity securities (as defined in the Act) for cash, pursuant to the authority conferred by resolution 16 in the Notice as if Section 561(1) of the Act did not apply to the allotment. This power:

expires (unless previously renewed, varied or revoked by the Company in general meeting) at the end of the next annual general meeting of the Company after the date on which this resolution is passed, (or, if earlier, at the close of business on 25 July 2025), but the Company may make an offer or agreement which would or might require equity securities to be allotted after expiry of this power and the Directors may allot equity securities in pursuance of that offer or agreement as if this power had not expired; and

shall be limited to the allotment of equity securities in connection with an offer of equity securities to:

the ordinary shareholders in proportion (as nearly as may be practicable) to their existing holdings; and

people who hold other equity securities, if this is required by the rights of those securities or, if the Directors consider it necessary, as permitted by the rights of those securities,

and so that the Directors may impose any limits or restrictions and make any arrangements which they consider necessary or appropriate to deal with treasury shares, fractional entitlements, record dates, legal, regulatory or practical problems in, or under the laws of, any territory or any other matter; and

in the case of the authority granted under resolution 16(a) (i)(A), shall be limited to the allotment (otherwise than pursuant to paragraph (b)) of equity securities for cash up to an aggregate nominal amount of £13.5 million.

This power applies in relation to a sale of shares which is an allotment of equity securities by virtue of Section 560(3) of the Act as if in the first paragraph of this resolution the words ‘pursuant to the authority conferred by resolution 16 in this Notice’ were omitted.

RESOLUTION 18 – ADDITIONAL DISAPPLICATION OF PRE-EMPTION RIGHTS

It was resolved as a special resolution that:

That, subject to the passing of resolution 16 in the Notice and in addition to any power given to them pursuant to resolution 17 in the Notice, the directors are empowered pursuant to Section 570 and Section 573 of the Act to allot equity securities (as defined in the Act) for cash, pursuant to the authority conferred by resolution 16 in this Notice, as if Section 561(1) of the Act did not apply to the allotment. This power:

expires (unless previously renewed, varied or revoked by the Company in general meeting) at the end of the next annual general meeting of the Company after the date on which this resolution is passed (or, if earlier, at the close of business on 25 July 2025), but the Company may make an offer or agreement which would or might require equity securities to be allotted after expiry of this power and the Directors may allot equity securities in pursuance of that offer or agreement as if this power had not expired; and

in the case of the authority granted under resolution 16(a)(i)(A) shall be limited to the allotment of equity securities for cash up to an aggregate nominal amount of £13.5 million, provided that the allotment is for the purposes of financing (or refinancing, if the power is used within six months of the original transaction) a transaction which the Directors determine to be an acquisition or specified capital investment of a kind contemplated by the Statement of Principles on Disapplying Pre-emption Rights most recently published by the Pre-emption Group prior to the date of the Notice.

This power applies in relation to a sale of shares which is an allotment of equity securities by virtue of Section 560(3) of the Act as if in the first paragraph of this resolution the words ‘pursuant to the authority conferred by resolution 16 in the Notice’ were omitted.

RESOLUTION 19 - AUTHORITY TO PURCHASE OWN SHARES

It was resolved as a special resolution that:

That the Company is generally and unconditionally authorised to make market purchases (within the meaning of section 693(4) of the Act) of its ordinary shares of 1451/116p nominal value each in the capital of the Company, such authority to apply until the conclusion of the next annual general meeting of the Company (or, if earlier, until the close of business on 25 July 2025) except in relation to the purchase of ordinary shares the contract for which was concluded before such date and which is executed wholly or partly after such date, unless such authority is renewed prior to such time provided that this authority shall be limited so that:

the maximum aggregate number of ordinary shares hereby authorised to be purchased is 190.7 million;

the minimum price (exclusive of expenses) which may be paid for each ordinary share is its nominal value; and

the maximum price (exclusive of expenses) which may be paid for each ordinary share is the higher of:

an amount equal to 105% of the average of the middle market quotations for an ordinary share of the Company, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased; and

an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share on the trading venue where the purchase is carried out.

It was resolved as a special resolution that:

That a general meeting of the Company, other than an annual general meeting, may be called on not less than 14 clear days’ notice.