Wolters Kluwer N.V.: Update on Shares Held in Treasury
August 08 2018 - 4:00AM
Wolters
Kluwer Update on Shares Held in Treasury
August 8, 2018 - Wolters Kluwer announces that, in the
course of executing on its share buyback program, the number of
shares held in treasury has reached 14.5 million, or 5.01% of total
issued ordinary shares (290.3 million). 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 originally announced
in February 2016. This buyback program was subsequently expanded to
include additional repurchases intended to mitigate dilution caused
by non-core divestments made in 2017 and early 2018.
At the 2018 Annual General Meeting, shareholders
approved a resolution to cancel for capital reduction purposes any
or all ordinary shares held in treasury or to be acquired by the
company as authorized by shareholders, up to a maximum of 10% of
the issued share capital on April 19, 2018. As authorized by
shareholders, the Executive Board has determined the number of
ordinary shares to be cancelled is 10.6 million. Wolters
Kluwer intends to cancel these shares in the second half of 2018.
Part of the shares held in treasury will be retained and used to
meet future 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,
software solutions, and services 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 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 |
Investors/Analysts |
Annemarije Dérogée - Pikaar |
Meg
Geldens |
Corporate
Communications |
Investor
Relations |
t + 31
(0)172 641 470 |
t + 31
(0)172 641 407 |
info@wolterskluwer.com |
ir@wolterskluwer.com |
Forward-looking
Statements
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.
Elements of this press release contain or may
contain inside information about Wolters Kluwer within the meaning
of Article 7(1) of the Market Abuse Regulation (596/2014/EU).
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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