Share Buyback Transaction Details March 5 - 11, 2020
March 12 2020 - 5:00AM
Share Buyback Transaction Details March 5 - 11, 2020
Share Buyback Transaction Details March 5
- 11, 2020
Wolters Kluwer today reports that it has
repurchased 141,305 of its own ordinary shares in the period from
March 5, 2020, up to and including March 11, 2020, for €9.4 million
and at an average share price of €66.18.
These repurchases are part of the share buyback
program announced on February 26, 2020, under which we intend to
repurchase shares for up to €350 million during 2020.
The cumulative amounts repurchased to date under
this program are as follows:
Share Buyback 2020
Period |
Cumulative shares repurchased in period |
Total consideration(€ million) |
Average share price(€) |
2020 to date |
990,879 |
67.2 |
67.87 |
For the period starting February 28, 2020, up to
and including April 30, 2020, we have engaged a third party to
execute €75 million of buybacks on our behalf, within the limits of
relevant laws and regulations (in particular Regulation (EU)
596/2014) and the company’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 KluwerWolters Kluwer (WKL)
is a global leader in professional information, software solutions,
and services for the healthcare; tax and accounting; governance,
risk and compliance; and legal and regulatory 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 2019 annual revenues of
€4.6 billion. The group serves customers in over 180 countries,
maintains operations in over 40 countries, and employs
approximately 19,000 people worldwide. The company is headquartered
in Alphen aan den Rijn, the Netherlands.
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 (ADR) program. The ADRs are traded on the over-the-counter
market in the U.S. (WTKWY).
For more information, visit
www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn,
and YouTube.
Media
Investors/AnalystsAnnemarije Dérogée-Pikaar
Meg GeldensCorporate
Communications
Investor Relationst + 31 172 641 470
t + 31 172 641
407
annemarije.pikaar@wolterskluwer.com
ir@wolterskluwer.com
Forward-looking Statements and Other
Important Legal InformationThis 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.
- Share Buyback Transaction Details March 5 - 11 2020
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