Wolters Kluwer Share Buyback Execution Update
(Thomson Reuters ONE) -
Wolters Kluwer Share Buyback Execution Update
December 5, 2016 - Wolters Kluwer announces that it has committed itself to the
repurchase of ordinary shares for a maximum total consideration of ?50 million,
by engaging a third party to execute transactions on its behalf. Repurchases
will be made in the period starting January 2, 2017 up to and including February
21, 2017, ahead of the announcement of full-year 2016 results on February
22, 2017.
These share repurchases, which are part of the three-year (2016-2018) up to ?600
million buyback program announced on February 24, 2016, will be used for capital
reduction purposes or to meet obligations arising from share based incentive
plans. The total number of shares repurchased under the ?600 million buyback
program through November 30, 2016 is 4.4 million shares for a total
consideration of ?151 million.
Any share purchases will be made within the limits of relevant laws and
regulations (in particular Regulation (EU) 596/2014) and Wolters Kluwer's
Articles of Association.
About Wolters Kluwer
Wolters Kluwer N.V. (AEX: WKL) is a global leader in professional 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 2015 annual revenues of ?4.2 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(at)wolterskluwer.com ir(at)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:
http://hugin.info/130682/R/2061653/773269.pdf
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 NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 05.12.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 510759
Anzahl Zeichen: 4814
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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