Wolters Kluwer today reports that it has repurchased 134,578 of its own ordinary shares in the period from October 25, 2018 up to and including October 29, 2018 for €6.9 million and at an average share price of €51.52.
A third-party engagement to repurchase €150 million in shares starting August 2, 2018, up to and including October 29, 2018, has hereby been fulfilled.
These share 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. This buyback program includes repurchases made to offset annual incentive share issuance.
The cumulative amounts repurchased under this three-year program are now as follows: