Wolters Kluwer today reports that it has repurchased 79,971 of its own ordinary shares in the period from May 4, 2017 up to and including May 8, 2017 for €3.2 million and at an average share price of €39.55.
These share repurchases are part of the three-year (2016-2018), up to €600 million buyback program announced on February 24, 2016. The cumulative number of shares repurchased under this three-year program is as follows:
| Period | Cumulative shares repurchased in period | Total consideration (€ million) | Average share price (€) |
| 2017 to date | 2,694,538 | 100.0 | 37.11 |
| 2016 | 5,826,473 | 199.7 | 34.28 |
| Total | 8,521,011 | 299.7 | 35.18 |
The third party engagement to repurchase €50 million in shares between March 9, 2017 and May 8, 2017 has hereby been fulfilled. For the period starting May 11, 2017 up to and including July 25, 2017, a third party will execute share buybacks for a maximum of €50 million on behalf of Wolters Kluwer, as announced in the first-quarter 2017 trading update.
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.
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.
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