Wolters Kluwer Update on Shares Held in Treasury
April 25 2017 - 4:00AM
Wolters
Kluwer Update on Shares Held in Treasury
April 25, 2017 - Wolters Kluwer announces that, in the
course of executing on its share buyback program, the number of
shares held in treasury has reached 15.1 million, or 5.01% of total
issued ordinary shares. In accordance with regulatory requirements,
the company has today notified the Dutch Authority for the
Financial Markets (AFM).
Share repurchases are being made as part of the
three year (2016-2018) share buyback program announced in February
2016. Under this program, Wolters Kluwer intends to repurchase
shares for up to €600 million, including anti-dilution share
repurchases.
At the 2017 Annual General Meeting, Wolters Kluwer
shareholders approved a resolution to cancel for capital reduction
purposes any or all of the shares held in treasury by the company
or to be acquired by the company under its share buyback program
2016-2018. Part of the shares held in treasury will be retained and
used to meet obligations under share-based incentive plans.
Further information on our share buyback
transactions can be found on our website
www.wolterskluwer.com/investors.
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, finance, risk and compliance, 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 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
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