RELX PLC (REL), the global information analytics and technology company, disclosed on 23 October 2026 that Henry Udow, a person discharging managerial responsibilities (PDMR), exercised share options and sold ordinary shares on the same date across both the London Stock Exchange and Euronext Amsterdam. The transactions were conducted under the RELX Group plc Executive Share Option Scheme 2013 and involved two separate currency-denominated option exercises. Investors tracking insider activity at RELX will note the sales were partly conducted to fund the exercise price and to meet personal tax and social security obligations, a standard mechanism in executive share schemes.

Key Points

  • RELX PLC (REL) — global information analytics group listed on the London Stock Exchange and Euronext Amsterdam
  • PDMR Henry Udow exercised options and sold a combined 19,453 ordinary shares on 23 October 2026
  • Sterling-denominated exercise at £14.945 per share covering 9,463 shares; euro-denominated exercise at €16.7225 per share covering 9,990 shares
  • Investors should watch for any further PDMR dealings disclosures or changes to executive shareholding levels

Henry Udow Exercises Options at £14.945 and €16.7225 Across Two Tranches

The announcement confirms that Henry Udow exercised options over two separate tranches of RELX ordinary shares on 23 October 2026. The first tranche involved 9,463 shares exercised at an option price of £14.945 per share, conducted outside of a trading venue. The second tranche covered 9,990 shares exercised at an option price of €16.7225 per share, also conducted outside of a trading venue. Both exercises were made under the RELX Group plc Executive Share Option Scheme 2013. The ordinary shares carry a nominal value of 14 51/116 pence each and are identified under ISIN GB00B2B0DG97.

Shares Sold on London Stock Exchange and Euronext Amsterdam to Cover Costs and Tax

Following the option exercises, Udow sold all 9,463 sterling-denominated shares on the London Stock Exchange at £30.19 per share and all 9,990 euro-denominated shares on Euronext Amsterdam at €36.121825 per share, both on 23 October 2026. The announcement states that the sales included shares sold to fund the exercise price and to meet personal tax and social security obligations. This sell-to-cover structure is a routine feature of executive share option schemes and does not necessarily indicate a discretionary decision to reduce a long-term holding in RELX.

RELX's Dual Listing Reflected in Euro and Sterling Option Structure

RELX PLC maintains a dual listing on both the London Stock Exchange and Euronext Amsterdam, a structure reflected directly in this disclosure, with option tranches denominated in both sterling and euros settled on their respective exchanges. The company operates across professional information, decision-making tools, and analytics markets globally. The use of two currency-denominated option grants under the same 2013 scheme illustrates how RELX manages executive remuneration across its international shareholder base, accommodating participants with exposure to either the UK or Dutch listing of its ordinary shares.