Wolters Kluwer N.V.: Share Buyback Transaction Details February 15 - 19, 2018
22 Febbraio 2018 - 10:01AM
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 KluwerWolters 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
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/c1703a46-3ca2-41fb-8403-f2cd736a6a24
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