Wolters Kluwer N.V.: Share Buyback Transaction Details October 26 - 30, 2017
31 Ottobre 2017 - 10:01AM
Share Buyback Transaction Details October 26 -
30, 2017
October 31, 2017 - Wolters Kluwer today reports that
it has repurchased 109,834 of its own ordinary shares in the period
from October 26, 2017 up to and including October
30, 2017 for €4.5 million and at an average share
price of €41.38.
These share repurchases are part of the three-year share buyback
program (2016-2018) originally announced on February 24, 2016. The
cumulative number of shares repurchased under this three-year
program is as follows:
Share Buyback Program 2016-2018
Period |
Cumulative shares repurchased in period |
Total consideration(€ million) |
Average share price(€) |
2017 To Date |
6,610,795 |
250.0 |
37.82 |
2016 |
5,826,473 |
199.7 |
34.28 |
Total |
12,437,268 |
449.7 |
36.16 |
On February 24, 2016, we announced our intention to repurchase
up to €600 million in shares over the three-year period 2016-2018,
including repurchases to offset share issuance related to incentive
programs. On July 28, 2017, we increased this program by an
additional €100 million in order to mitigate the earnings dilution
expected from two divestments agreed and completed in 2017
(Transport Services and certain U.K. publishing assets). Our
intention is to complete €300 million of share repurchases during
2017.
The third party engagement to repurchase €100 million in shares
starting July 31, 2017 up to and including October 30, 2017, has
hereby been fulfilled.
Share repurchases are made within the limits of relevant laws
and regulations, in particular Regulation (EU) 596/2014) and
Wolters Kluwer's Articles of Association. Repurchased shares are
added to and held as Treasury shares and will be used for capital
reduction purposes or to meet obligations arising from share-based
incentive plans.
Further information is available on our website:
- Download the share buyback transactions excel sheet for
detailed individual transaction information.
- Weekly reports on the progress of our share repurchases.
- Overview of share buyback programs.
About Wolters KluwerWolters Kluwer N.V.
(AEX: WKL) is a global leader in information services and solutions
for professionals in the health, tax and accounting, risk and
compliance, finance and legal sectors. We help our customers make
critical decisions every day by providing expert solutions that
combine deep domain knowledge with specialized technology and
services.
Wolters Kluwer reported 2016 annual revenues of €4.3 billion.
The company, headquartered in Alphen aan den Rijn, the Netherlands,
serves customers in over 180 countries, maintains operations in
over 40 countries, and employs 19,000 people worldwide.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and
are included in the AEX and Euronext 100 indices. Wolters Kluwer
has a sponsored Level 1 American Depositary Receipt program. The
ADRs are traded on the over-the-counter market in the U.S.
(WTKWY).
For more information about our solutions and organization, visit
www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn,
and YouTube.
Media |
Investors/Analysts |
Annemarije Pikaar |
Meg Geldens |
Corporate
Communications |
Investor Relations |
t + 31 172 641 470 |
t + 31 172 641 407 |
annemarije.pikaar@wolterskluwer.com |
ir@wolterskluwer.com |
Forward-looking Statements and Other Important Legal
InformationThis report contains forward-looking statements.
These statements may be identified by words such as "expect",
"should", "could", "shall" and similar expressions. Wolters Kluwer
cautions that such forward-looking statements are qualified by
certain risks and uncertainties that could cause actual results and
events to differ materially from what is contemplated by the
forward-looking statements. Factors which could cause actual
results to differ from these forward-looking statements may
include, without limitation, general economic conditions;
conditions in the markets in which Wolters Kluwer is engaged;
behavior of customers, suppliers, and competitors; technological
developments; the implementation and execution of new ICT systems
or outsourcing; and legal, tax, and regulatory rules affecting
Wolters Kluwer's businesses, as well as risks related to mergers,
acquisitions, and divestments. In addition, financial risks such as
currency movements, interest rate fluctuations, liquidity, and
credit risks could influence future results. The foregoing list of
factors should not be construed as exhaustive. Wolters Kluwer
disclaims any intention or obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
This press release contains information which is to be made
publicly available under Regulation (EU) 596/2014.
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/1dec82cf-b6ae-43f5-896d-a921a5fbf0a0
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