Wolters Kluwer today reports that it has repurchased 57,190 its own ordinary shares in the period from May 28, 2020, up to and including June 3, 2020, for €4.0 million and at an average share price of €69,38.
Share Buyback transaction details May 28–June 3, 2020
These repurchases are part of the share buyback program announced on February 26, 2020, under which we intend to repurchase shares for up to €350 million during 2020.
The cumulative amounts repurchased to date under this program are as follows:
Share Buyback 2020
|Period||Cumulative shares repurchased in period||Total consideration (€ million)||Average share price (€)|
|2020 to date||2,156,237||140.9||65.33|
For the period starting May 7, 2020, up to and including August 3, 2020, we have engaged a third party to execute €50 million of buybacks on our behalf, within the limits of relevant laws and regulations (in particular Regulation (EU) 596/2014) and the company’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:
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & 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.