SCHEDULE 13G/A: BlackRock Amends RELX PLC Stake Disclosure, Maintains Significant Beneficial Ownership

BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing a beneficial ownership of 8.5% in RELX PLC as of March 31, 2025, holding 156,506,450 common shares.

Summary

• BlackRock, Inc. filed Amendment No. 14 to Schedule 13G regarding its beneficial ownership in RELX PLC.
• As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 156,506,450 common shares of RELX PLC.
• This ownership represents 8.5% of the total outstanding class of securities.
• BlackRock holds sole voting power over 139,999,280 shares and sole dispositive power over 156,506,450 shares.
• No shared voting or dispositive power is reported by BlackRock.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of RELX PLC.
• Various BlackRock business units, subsidiaries, and affiliates are identified as having beneficial ownership, including BlackRock Life Limited, BlackRock Advisors, LLC, BlackRock France SAS, BlackRock (Netherlands) B.V., BlackRock Institutional Trust Company, National Association, BlackRock Asset Management Ireland Limited, BlackRock Financial Management, Inc., iShares (DE) I Investmentaktiengesellschaft mit Teilgesellsc, BlackRock Japan Co., Ltd., BlackRock Asset Management Schweiz AG, BlackRock Investment Management, LLC, BlackRock Investment Management (UK) Limited, BlackRock Asset Management Canada Limited, BlackRock Asset Management Deutschland AG, BlackRock (Luxembourg) S.A., BlackRock Investment Management (Australia) Limited, BlackRock Fund Advisors, BlackRock Advisors (UK) Limited, BlackRock Asset Management North Asia Limited, BlackRock (Singapore) Limited, and BlackRock Fund Managers Ltd.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership. It contains no positive or negative news regarding the issuer's performance or outlook, nor does it suggest any strategic intent by the reporting entity beyond passive investment.

Positives

• BlackRock, a major institutional investor, maintains a significant stake (8.5%) in RELX PLC, indicating continued confidence in the company.
• The filing confirms that BlackRock's holding is for ordinary course of business and not for control purposes, which can provide stability to the issuer's corporate governance.

Negatives

• The document does not contain any negative information regarding RELX PLC's performance or outlook.

Risks

• The filing itself does not detail specific risks for RELX PLC, as it is a beneficial ownership report.
• BlackRock certifies that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, mitigating risks associated with activist investor intentions.

Future Outlook

The document is a beneficial ownership report and does not provide any forward-looking statements or guidance regarding RELX PLC's future performance or BlackRock's investment strategy beyond the certification that the shares are held in the ordinary course of business.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by Spencer Fleming, Managing Director of BlackRock, Inc.)

Industry Context

This filing is a routine disclosure by a major global asset manager, BlackRock, Inc., regarding its significant passive investment in RELX PLC. Such large institutional holdings are common for widely traded companies and reflect BlackRock's role in managing diverse investment portfolios for its clients. It does not indicate a strategic move to influence RELX PLC's operations, aligning with typical passive investment strategies of large index or actively managed funds.

Stakeholder Impact

• Shareholders of RELX PLC are informed of BlackRock's continued significant passive stake, which may provide a sense of stability regarding institutional investment in the company.

Key Dates

Keywords

RELX PLC, BlackRock, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management, Asset Management