Share Buyback Transaction Details September 21 - 27, 2017
September 28, 2017 - Wolters Kluwer today reports that it has repurchased 200,028 of its own ordinary shares in the period from September 21, 2017 up to and including September 27 , 2017 for €7.6 million and at an average share price of €37.79.
These share repurchases are part of the three-year share buyback program (2016-2018) originally announced on February 24, 2016. The cumulative number of shares repurchased under this three-year program is as follows:
Share Buyback Program 2016-2018
| Period | Cumulative shares repurchased in period | Total consideration (€ million) | Average share price (€) |
| 2017 To Date | 5,744,561 | 215.2 | 37.46 |
| 2016 | 5,826,473 | 199.7 | 34.28 |
| Total | 11,571,034 | 414.9 | 35.86 |
On February 24, 2016, we announced our intention to repurchase up to €600 million in shares over the three-year period 2016-2018, including repurchases to offset share issuance related to incentive programs. On July 28, 2017, we increased this program by an additional €100 million in order to mitigate the earnings dilution expected from two divestments agreed in 2017 ( Transport Services and certain U.K. publishing assets ). Our intention remains to complete €300 million of share repurchases during 2017.
Current share repurchases are made on behalf of Wolters Kluwer by a third party to whom we have given a mandate to buy up to a maximum of €100 million in ordinary shares in the period from July 31, 2017 up to and including October 30, 2017.
On September 26, 2017, we granted a new mandate to another third party to buy shares on our behalf in the period starting November 2, 2017 up to and including February 19, 2018. Under this mandate, we intend to implement share buybacks of up to €50 million in the period from November 2, 2017 up until December 31, 2017, and a further up to €50 million in the period from January 1, 2018 up to and including February 19, 2018.
Share repurchases are made within the limits of relevant laws and regulations, in particular Regulation (EU) 596/2014) and Wolters Kluwer'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 Kluwer Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance 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.
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