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UK High Court approves RELX's move to single parent company structure

RELX Group PLC said the High Court of Justice in England and Wales approved on Aug. 17 the proposed cross-border merger of RELX PLC and RELX NV.

Effective Sept. 8, the group will no longer have a dual parent company structure, and RELX PLC will become the sole parent company of RELX Group PLC. Shareholders will receive 1 new RELX PLC share for every RELX NV share held.

The restructuring was first announced Feb. 15, and the full terms and conditions of the merger were made available to shareholders in a circular May 9. On the same day, a prospectus was published related to the proposed listing of the new RELX PLC shares on the London Stock Exchange and Euronext Amsterdam, as well as the proposed listing of all existing RELX PLC shares on Euronext Amsterdam.