Wolters Kluwer N.V.: Share Buyback Transaction Details June 7 - 13, 2018
14 Giugno 2018 - 10:01AM
Share Buyback Transaction Details June 7 - 13,
2018
June 14, 2018 - Wolters Kluwer today reports that it
has repurchased 178,937 of its own ordinary shares in the period
from June 7, 2018 up to and including June 13,
2018 for €8.6 million and at an average share price of
€47.92.
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 |
5,597,976 |
242.8 |
43.37 |
2017 |
7,768,288 |
300.0 |
38.62 |
2016 |
5,826,473 |
199.7 |
34.28 |
Total |
19,192,737 |
742.5 |
38.69 |
As stated on February 21, 2018, we intend to execute up to €400
million in share buybacks in 2018, including €200 million to
mitigate the EPS dilution related to the sale of Corsearch and
certain Swedish assets. In addition, following the completion of
the sale of ProVation on March 9, 2018, we also intend to deploy
these proceeds of this sale (€150 million) towards additional share
repurchases in 2018 and 2019 to mitigate the expected EPS
dilution.
Current repurchases are being executed under a third party
mandate granted on May 9, 2018. Under this mandate, €100 million of
share buybacks will be executed in the period from May 10, 2018, up
to and including July 30, 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 N.V.
(AEX: WKL) is a global leader in information, software solutions,
and services 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 2017 annual revenues of €4.4 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
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.
- PDF version of Press Release.pdf
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