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Thursday, 10 August 2017

Wolters Kluwer N.V.: Share Buyback Transaction Details August 3 - 9, 2017

Wolters Kluwer N.V.    

Published: 10:00 CEST 10-08-2017 /GlobeNewswire /Source: Wolters Kluwer N.V. / : WKL /ISIN: NL0000395903


Share Buyback Transaction Details August 3 - 9, 2017

 

August 10, 2017 - Wolters Kluwer today reports that it has repurchased 204,838 of its own ordinary shares in the period from August 3, 2017 up to and including August 9, 2017 for €7.7 million and at an average share price of €37.35.

 

These share repurchases are part of the three-year share buyback program (2016-2018) originally announced on February 24, 2016. The cumulative number of shares repurchased under this three-year program is as follows:

 

Share Buyback Program 2016-2018

Period

Cumulative shares
repurchased in
period

Total consideration
(€ million)

Average share price
(€)

2017 To Date

4,325,992

162.3

37.51

2016

5,826,473

199.7

34.28

Total

10,152,465

362.0

35.66

 

On February 24, 2016, we announced our intention to repurchase up to €600 million in shares over the three-year period 2016-2018, including repurchases to offset share issuance related to incentive programs. On July 28, 2017, we increased this program by an additional €100 million in order to mitigate the earnings dilution expected from two divestments agreed in 2017.

 

Current share repurchases are made on behalf of Wolters Kluwer by a third party to whom we have given a mandate to buy up to a maximum of €100 million in ordinary shares in the period from July 31, 2017 up to and including October 30, 2017.

 

Further information is available on our website:

 

About Wolters Kluwer

Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions 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 2016 annual revenues of €4.3 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 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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Wolters Kluwer N.V., P.O. Box 1030, Alphen aan den Rijn 2400 BA, Netherlands
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