RELX Shares (LON: REL) Make 52 Week High as Board Changes and Buyback Announced

RELX shares (LON: REL) have hit a new 52 week high at 4,205p today, currently trading a little over 1% in the green as the company announced a board change, and a £450million share buyback.

The buyback will consist of RELX buying back £450 million of its shares between February and April this year as part of the annual £1.5billion buyback plan.

Also today, the firm has confirmed the intention to appoint Andy Halford as a new Non-Executive Director, effective April 24, 2025. His appointment is contingent on shareholder approval at the upcoming Annual General Meeting (AGM).

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Andy Halford’s professional background is extensive; he has previously held the position of Chief Financial Officer (CFO) at reputable institutions such as Aareal Bank, Standard Chartered, and Vodafone Group. Additionally, Halford has served as a Non-Executive Director and Audit Committee Chair for Marks and Spencer Group.

A key part of these board adjustments includes the upcoming retirement of Robert MacLeod, who has been part of the RELX PLC Board since 2016. Alistair Cox is set to succeed MacLeod as Chair of the Remuneration Committee, pending his re-election.

Paul Walker, the current Chair of RELX PLC, expressed appreciation for Halford’s vast experience and potential contributions to the company. He also commended MacLeod for his considerable service and role within the Remuneration Committee.