Wolters Kluwer Finalizes Share Capital Reduction for Growth
Wolters Kluwer Completes Capital Reduction
Wolters Kluwer has announced the successful completion of its capital reduction process, a significant move aimed at enhancing shareholder value. The decision was approved by shareholders during the recent Annual General Meeting and involved the cancellation of a substantial number of shares.
Details of the Share Capital Reduction
The company confirmed the cancellation of 6,000,000 ordinary shares from its treasury, adjusting the total number of issued ordinary shares to 232,516,153, down from the previous count of 238,516,153. This strategic decision reflects Wolters Kluwer's commitment to optimizing its capital structure.
Impact on Treasury Shares
As a result of this cancellation, the number of shares currently held in treasury is 2,793,930. Following regulatory requirements, Wolters Kluwer has duly notified the Dutch Authority for the Financial Markets (AFM) regarding the changes in its issued share capital, confirming the company now holds approximately 1.20% of the total issued ordinary shares.
Rationale Behind the Capital Reduction
Wolters Kluwer undertakes share buybacks as part of its ongoing strategy to utilize treasury shares for future capital reduction initiatives. These shares may also be kept on reserve to fulfill obligations under share-based incentive programs, thereby aligning with the company’s long-term strategic goals.
About Wolters Kluwer
Wolters Kluwer, identified by the ticker WTKWY, stands as a global leader providing innovative information solutions, software, and services for professionals across various sectors, including healthcare, tax and accounting, legal, and corporate governance. The company is not only integral to the daily operations of its clients but also plays a vital role in enhancing their decision-making processes through technology-based solutions.
Financial Overview
In its latest financial reporting, Wolters Kluwer indicated impressive annual revenues of €5.9 billion, showcasing a strong performance. With operations extending across more than 180 countries, the company boasts a dedicated workforce of approximately 21,400 employees globally. The headquarters is positioned in Alphen aan den Rijn, The Netherlands, marking Wolters Kluwer as a prominent player on the international stage.
Market Information and Listings
Wolters Kluwer’s shares are traded on Euronext Amsterdam under the ticker WKL and are featured in prominent indices such as the AEX and Euronext 100. Additionally, the company has established a sponsored Level 1 American Depositary Receipt (ADR) program to facilitate trading in the United States under the ticker WTKWY.
Contact Information
Wolters Kluwer provides avenues for inquiries through their designated communications team and investor relations department. For media inquiries, Stefan Kloet is available at stefan.kloet@wolterskluwer.com, while for investor relations, Meg Geldens can be contacted at ir@wolterskluwer.com. You can also reach them at +31 612 22 36 57 for any pressing questions.
Frequently Asked Questions
What is the significance of the capital reduction for Wolters Kluwer?
The capital reduction is aimed at optimizing the capital structure and enhancing shareholder value by reducing the number of issued shares.
How many shares were cancelled during the capital reduction?
A total of 6,000,000 ordinary shares have been cancelled, leading to a new total of 232,516,153 issued shares.
What percentage of shares does Wolters Kluwer hold in treasury?
After the capital reduction, Wolters Kluwer holds approximately 2,793,930 shares in treasury, amounting to 1.20% of its total issued ordinary shares.
What is the primary business focus of Wolters Kluwer?
Wolters Kluwer focuses on providing information solutions, software, and services to professionals in various sectors including healthcare, legal, tax, and compliance.
How can I get in touch with Wolters Kluwer for inquiries?
Media inquiries can be directed to Stefan Kloet via email at stefan.kloet@wolterskluwer.com, while investor relations can be reached at ir@wolterskluwer.com.
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