Wolters Kluwer N.V.: Share Buyback Transaction Details February 15 - 19, 2018
22 Febbraio 2018 - 10:00AM
Share Buyback
Transaction Details February 15 - 19, 2018
February 22, 2018 - Wolters Kluwer today reports that it has repurchased
108,139 of its own ordinary shares in the period from February 15,
2018 up to and including February
19, 2018 for €4.3
million and at an average share price of €39.71.
The third party engagement to repurchase €100
million in shares starting November 2, 2017 up to and including
February 19, 2018, has hereby been fulfilled.
These share repurchases are part of the three-year
share buyback program (2016-2018) originally announced on February
24, 2016. This buyback program includes repurchases made to offset
annual incentive share issuance. The cumulative amounts repurchased
under this three-year program are now as follows:
Share Buyback Program
2016-2018
Period |
Cumulative shares
repurchased in period |
Total consideration
(€ million) |
Average share price
(€) |
2018 To Date |
1,189,001 |
50.0 |
42.05 |
2017 |
7,768,288 |
300.0 |
38.62 |
2016 |
5,826,473 |
199.7 |
34.28 |
Total |
14,783,762 |
549.7 |
37.18 |
As previously stated, we currently intend to
execute up to €400 million in share buybacks in 2018, including
€200 million intended to mitigate the EPS dilution related to the
sale of Corsearch and certain Swedish assets.
On February 21, 2018, we granted a new mandate to
a third party to execute €150 million in share repurchases on our
behalf in the period from February 23, 2018 up to and including May
7, 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 is a global leader in professional information,
software solutions, and services for the health, tax &
accounting, finance, risk & compliance, 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 2017 annual revenues of
€4.4 billion. The group serves customers in over 180 countries,
maintains operations in over 40 countries, and employs
approximately 19,000 people worldwide. The company is headquartered
in Alphen aan den Rijn, the Netherlands.
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 (ADR) program. The ADRs are traded on the over-the-counter
market in the U.S. (WTKWY).
For more information about our products and
organization, visit www.wolterskluwer.com, follow us on Twitter,
Facebook, LinkedIn, and YouTube.
Media |
Investors/Analysts |
Annemarije Dérogée-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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