Wolters Kluwer's Annual Share Buyback Update and Insights
Wolters Kluwer's Recent Share Buyback Transactions
In a recent announcement, Wolters Kluwer (Euronext: WKL), a prominent name in professional information and software solutions, revealed significant share repurchases. During the period from May 8 to May 14, 2025, the company has successfully repurchased 225,090 ordinary shares, amounting to a total consideration of €35.4 million. This activity was executed at an average share price of €157.13, showcasing a strong commitment to shareholder value.
Overview of Share Buyback Program
This repurchase effort forms part of a larger share buyback initiative that was originally announced on February 26, 2025. Under this program, Wolters Kluwer intends to repurchase shares for a total of up to €1 billion throughout the year. The cumulative total of shares purchased so far in 2025 stands at an impressive 2,087,422 shares, representing total spending of €322.3 million at an average share price of €154.38.
Future Plans for Share Repurchases
Looking ahead, Wolters Kluwer has engaged third parties for the execution of €350 million in buybacks within the upcoming months, specifically from May 8 until July 28, 2025. These transactions will be compliant with relevant laws and the company's Articles of Association as outlined in Regulation (EU) 596/2014.
Purpose of Share Repurchases
The repurchased shares will be retained as treasury shares and are intended for capital reduction through share cancellation. Such a strategy is expected to enhance the overall value for existing shareholders by increasing their proportional ownership of the company.
Insights on Wolters Kluwer's Market Influence
Wolters Kluwer operates as a crucial player in the information solutions market, providing software and services across various sectors including healthcare, legal, and financial compliance. The company’s revenue reached €5.9 billion in the previous fiscal year with a presence in over 180 countries and around 21,600 employees worldwide. These strong figures underline the significance of the company's share buyback program as a tool for maintaining investor confidence.
Company Profile and Indices
Wolters Kluwer is not only recognized on Euronext Amsterdam (WKL), but also holds positions in major indices like the AEX, Euro Stoxx 50, and Euronext 100. The company's American Depositary Receipts (ADRs) are available for trading on the OTC Markets (WTKWY), broadening their reach to international investors.
Engagement and Communication
To stay updated with Wolters Kluwer's activities, stakeholders are encouraged to visit their official website. The company's commitment to transparency and open communication is essential, especially as they navigate their share buyback program amidst fluctuating market conditions.
Contact Information
For inquiries, interested parties can reach out to:
- Media Inquiries: Stefan Kloet, Associate Director, Global Communications - press@wolterskluwer.com
- Investor Relations: Meg Geldens, Vice President - ir@wolterskluwer.com
Frequently Asked Questions
What was the total amount spent on shares repurchased from May 8 to May 14, 2025?
The total amount spent was €35.4 million for 225,090 ordinary shares.
How many shares has Wolters Kluwer repurchased this year?
Wolters Kluwer has repurchased a cumulative total of 2,087,422 shares to date in 2025.
What is the projected total for the share buyback program?
The program aims for total repurchases of up to €1 billion throughout 2025.
What will happen to the repurchased shares?
Repurchased shares will be held as treasury shares and used for capital reduction by means of share cancellation.
How can investors stay informed about Wolters Kluwer's financial activities?
Investors can regularly visit their official website and subscribe to updates provided through various channels.
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