Wolters Kluwer N.V.: Share Buyback Transaction Details November 16 - 22, 2017
23 Novembre 2017 - 10:00AM
Share Buyback
Transaction Details November 16 - 22, 2017
November 23, 2017 - Wolters Kluwer today reports that it has repurchased
155,810 of its own ordinary shares in the period from November
16, 2017 up to and
including November 22, 2017 for €6.7 million and at an average share price of
€42.75.
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 now as follows:
Share Buyback Program
2016-2018
Period |
Cumulative shares repurchased in
period |
Total consideration
(€ million) |
Average share price
(€) |
2017 To Date |
7,081,240 |
270.0 |
38.13 |
2016 |
5,826,473 |
199.7 |
34.28 |
Total |
12,907,713 |
469.7 |
36.39 |
On February 24, 2016, we announced a three-year
(2016-2018) share buyback program of up to €600 million, including
repurchases made to offset performance share issuance. In 2016, we
completed €200 million in share buybacks under this program. On
July 28, 2017, the program was expanded by €100 million in 2017 in
order to mitigate the earnings dilution from the sale of Transport
Services and certain U.K. publishing assets, increasing the total
program to €700 million (2016-2018). We are committed to completing
€300 million in share buybacks by year-end 2017.
Current repurchases are being executed under a
third party mandate granted on September 26, 2017. Under this
mandate, we intend to implement share buybacks of up to €50 million
in the period from November 2, 2017 up until December 31, 2017, and
a further up to €50 million in the period from January 1, 2018 up
to and including February 19, 2018.
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
Kluwer
Wolters 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 Information
This 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.
PDF version of Press
Release
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Wolters Kluwer N.V. via Globenewswire
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