Wolters Kluwer N.V.: Share Buyback Transaction Details August 23 - 29, 2018
30 Agosto 2018 - 10:01AM
Share Buyback Transaction Details August 23 -
29, 2018
August 30, 2018 - Wolters Kluwer today reports that it
has repurchased 211,000 of its own ordinary shares in the period
from August 23, 2018 up to and including August 29,
2018 for €11.6 million and at an average share price of
€55.03.
These share repurchases are part of the three-year share buyback
program (2016-2018) originally announced on February 24, 2016. This
program was subsequently expanded to include additional repurchases
intended to mitigate dilution caused by non-core divestments made
in 2017 and early 2018. 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 |
7,603,596 |
346.3 |
45.55 |
2017 |
7,768,288 |
300.0 |
38.62 |
2016 |
5,826,473 |
199.7 |
34.28 |
Total |
21,198,357 |
846.1 |
39.91 |
As of July 30, 2018, we have completed €300 million of buybacks
in 2018. We intend to buyback a total of €550 million for the
full-year 2018.
For the period starting August 2, 2018, up to and including
December 27, 2018, we have engaged third parties to execute €250
million of buybacks on our behalf, within the limits of relevant
laws and regulations (in particular Regulation (EU) 596/2014) and
the company'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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