Wolters Kluwer N.V.: Share Buyback Transaction Details July 12 - July 18, 2018
19 July 2018 - 6:00PM
Share Buyback
Transaction Details July 12 - July 18, 2018
July 19, 2018 - Wolters Kluwer today reports that it has repurchased
169,723 of its own ordinary shares in the period from July 12,
2018 up to and including July 18,
2018 for €8.7 million and at
an average share price of €51.03.
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 |
6,486,782 |
286.1 |
44.11 |
2017 |
7,768,288 |
300.0 |
38.62 |
2016 |
5,826,473 |
199.7 |
34.28 |
Total |
20,081,543 |
785.9 |
39.13 |
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
Kluwer
Wolters 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
Annemarije Dérogée-Pikaar
Corporate Communications
t + 31 172 641 470
annemarije.pikaar@wolterskluwer.com |
Investors/Analysts
Meg Geldens
Investor Relations
t + 31 172 641 407
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 on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Wolters Kluwer N.V. via Globenewswire
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