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Thursday, 16 November 2017

Wolters Kluwer N.V.: Share Buyback Transaction Details November 9 - 15, 2017

Wolters Kluwer N.V.    

Published: 10:00 CET 16-11-2017 /GlobeNewswire /Source: Wolters Kluwer N.V. / : WKL /ISIN: NL0000395903


 

Share Buyback Transaction Details November 9 - 15, 2017

 

November 16, 2017 - Wolters Kluwer today reports that it has repurchased 157,095 of its own ordinary shares in the period from November 9, 2017 up to and including November 15, 2017 for €6.7 million and at an average share price of €42.43.

 

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 now as follows:

 

Share Buyback Program 2016-2018

Period

Cumulative shares repurchased in period

Total consideration

(€ million)

Average share price

(€)

2017 To Date

6,925,430

263.3

38.02

2016

5,826,473

199.7

34.28

Total

12,751,903

463.1

36.31

 

On February 24, 2016, we announced a three-year (2016-2018) share buyback program of up to €600 million, including repurchases made to offset performance share issuance. In 2016, we completed €200 million in share buybacks under this program. On July 28, 2017, the program was expanded by €100 million in 2017 in order to mitigate the earnings dilution from the sale of Transport Services and certain U.K. publishing assets, increasing the total program to €700 million (2016-2018). We are committed to completing €300 million in share buybacks by year-end 2017.

 

Current repurchases are being executed under a third party mandate granted on September 26, 2017. Under this mandate, we intend to implement share buybacks of up to €50 million in the period from November 2, 2017 up until December 31, 2017, and a further up to €50 million in the period from January 1, 2018 up to and including February 19, 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:

 

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 Corporate Solutions clients. Source: Wolters Kluwer N.V., P.O. Box 1030, Alphen aan den Rijn 2400 BA, Netherlands
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