Wolters Kluwer today reports that it has repurchased 200,983 of its own ordinary shares in the period from December 20, 2018, up to and including December 27, 2018, for €10.3 million and at an average share price of €51.03.
A third-party engagement to repurchase €100 million in shares starting November 1, 2018, up to and including December 27, 2018, has hereby been fulfilled. The total of €550 million in share buybacks in the year 2018 has also been completed.
These repurchases are part of the three-year share buyback program (2016-2018) originally announced on February 24, 2016. This program was subsequently expanded to include additional repurchases intended to mitigate dilution caused by non-core divestments made in 2017 and early 2018. The buyback program also includes repurchases made to offset annual incentive share issuance.
The cumulative amounts repurchased under this three-year program are now as follows: