Wolters Kluwer N.V.: Share Buyback Transaction Details November 8 - 14, 2018
15 Novembre 2018 - 10:00AM
Wolters Kluwer N.V.: Share Buyback Transaction Details November 8 -
14, 2018
Share Buyback Transaction Details
November 8 - 14, 2018
November 15, 2018 – Wolters Kluwer today reports that it
has repurchased 247,566 of its own ordinary shares in the period
from November 8, 2018, up to and including November 15, 2018, for
€12.8 million and at an average share price of €51.79.
These 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. The buyback program also 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 |
10,087,359 |
475.6 |
47.15 |
2017 |
7,768,288 |
300.0 |
38.62 |
2016 |
5,826,473 |
199.7 |
34.28 |
Total |
23,682,120 |
975.4 |
41.19 |
As previously stated, we are on track and committed to complete
a total of €550 million in share buybacks in the year 2018.
For the period starting November 1, 2018, up to and including
December 27, 2018, we have engaged a third party to execute €100
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, finance, risk and 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 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.
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