Wolters Kluwer N.V.: Share Buyback Transaction Details October 5 - 11, 2017
(Thomson Reuters ONE) -
Share Buyback Transaction Details October 5 - 11, 2017
October 12, 2017 - Wolters Kluwer today reports that it has repurchased 189,918
of its own ordinary shares in the period from October 5, 2017 up to and
including October 11, 2017 for ?7.6 million and at an average share price of
?39.86.
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 | Total consideration | Average share price |
| | repurchased in | (? million) | (?) |
| | period | | |
+--------------+-------------------+---------------------+---------------------+
| 2017 To Date | 6,127,265 | 230.3 | 37.59 |
+--------------+-------------------+---------------------+---------------------+
| 2016 | 5,826,473 | 199.7 | 34.28 |
+--------------+-------------------+---------------------+---------------------+
| Total | 11,953,738 | 430.0 | 35.97 |
+--------------+-------------------+---------------------+---------------------+
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 and completed in 2017
(Transport Services and certain U.K. publishing assets). Our intention is to
complete ?300 million of share repurchases during 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.
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 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(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/2141405/820143.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 N.V. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.10.2017 - 10:00 Uhr
Sprache: Deutsch
News-ID 563402
Anzahl Zeichen: 6788
contact information:
Town:
Alphen aan den Rijn
Kategorie:
Business News
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