Wolters Kluwer Result of 2020 Annual General Meeting of Shareholders
April 23 2020 - 7:30AM
Wolters Kluwer Result of 2020 Annual General Meeting of
Shareholders
Wolters Kluwer Result of 2020 Annual
General Meeting of Shareholders
April 23, 2020 – Wolters Kluwer, a global
provider of professional information, software solutions, and
services, hereby releases the results of today’s
Annual General Meeting (AGM).
2019 Financial Statements and DividendShareholders voted
to adopt the Financial Statements for 2019 as included in the 2019
Annual Report and approved a total dividend of €1.18 per ordinary
share, resulting in a final dividend of €0.79 per ordinary
share.
Supervisory Board Composition Ms. Jeanette Horan was
re-appointed as member of the Supervisory Board. Mr. Jack de Kreij
and Ms. Sophie Vandebroek were appointed as new members of the
Supervisory Board. Mr. De Kreij will succeed Mr. Hooft Graafland,
as Chairman of the Audit Committee, who will retire after the
expiration of his second term in 2020. Ms. Vandebroek succeeds Ms.
Russo who stepped down from the Supervisory Board at the end of
2019. Ms. Vandebroek also joins the Audit Committee. Ms. Ann
Ziegler succeeds Mr. Hooft Graafland as Vice-Chairman of the of the
Supervisory Board.
The composition of the Supervisory Board is therefore now in
line with the preferred profile as it relates to expertise,
nationality, and age. Four nationalities are represented on the
Supervisory Board, with different talents and relevant areas of
expertise. Three out of the seven Supervisory Board members are
female, which means a female representation of 43%, which is in
line with Dutch governance standards.
RemunerationThe remuneration policy of the Executive
Board received a majority of votes in favor but not the
three-fourths majority required in The Netherlands; therefore, the
resolution has not been passed and the existing remuneration policy
will continue to apply. The Remuneration Report was approved by
shareholders in an advisory vote. The Supervisory Board
remuneration policy and the proposal to amend the Supervisory Board
remuneration were adopted.
Frans Cremers, Chairman of the Supervisory Board, commented: “We
are very grateful to the many shareholders who supported the
proposed remuneration policy which included several
shareholder-friendly improvements. We also wish to thank all the
shareholders who engaged with us for their time and their
constructive feedback. We will continue to proactively consult with
our shareholders to ensure views on both sides are better
understood and we will endeavor to propose further changes where
appropriate.”
Other AGM ResolutionsAll other AGM resolutions were
adopted, including to the resolution to release the members of the
Executive Board and the Supervisory Board from liability for the
exercise of their respective duties; to extend the authority of the
Executive Board; to authorize the Executive Board to acquire shares
in the company; and to cancel shares.
Shareholders representedWolters Kluwer shareholders were
represented by proxy voting or by voting instruction, representing
a total of 74.03% of the total issued share capital entitled to
vote. The voting results by agenda item will be available on our
website at www.wolterskluwer.com/agm shortly.
For more information please contact:
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
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.
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.
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