CorporateInvestorsApril 27, 2011

Shareholders Wolters Kluwer approve dividend and Board Reappointments

2011 Annual General Meeting of Shareholders of Wolters Kluwer held today.

Wolters Kluwer, a market-leading global information services company focused on professionals, announced that the Annual General Meeting of Shareholders (AGM), held in Amsterdam earlier today, has adopted the company’s 2010 financial statements and has approved the dividend increase to €0.67 per ordinary share. Furthermore, Mr. B.F.J. Angelici has been reappointed as member of the Supervisory Board and Mr. J.J. Lynch, Jr. has been reappointed as member of the Executive Board.

In her address to the AGM, Nancy McKinstry, CEO and Chairman of the Executive Board, shared Wolters Kluwer’s 2010 financial accomplishments and the progress of the company’s 2010-2012 strategy Maximizing Value for Customers. The strategy is successfully driving the transformation of the business. Online, software, and services revenues represent nearly 70% of total revenues and Wolters Kluwer has a significantly increased global presence.

Ms. McKinstry stated, “Across all divisions Wolters Kluwer is investing in growth. We are building on the unique advantages we have as a company, including our strong global market positions, our deep content assets and our expertise in building software solutions that help our customers address their most pressing needs.”

Decisions by the Annual General Meeting of Shareholders

The shareholders of Wolters Kluwer were represented in person, by proxy voting, or by voting instruction, representing a total of 55.87 % of the total issued share capital entitled to vote.

  • Shareholders adopted the 2010 financial statements and approved the proposal to distribute a dividend of €0.67 per ordinary share, a 2% increase over last year and therefore, in line with the existing progressive dividend policy. Indicating a strong belief in the future of the company, shareholders can choose between a distribution in the form of cash or stock as in previous years.
  • Corresponding to the rotation schedule, Mr. B.F.J. Angelici was reappointed as member of the Supervisory Board for a term of four years. He has been a member of the Supervisory Board since 2007 and is a member of the Audit Committee.
  • Shareholders also reappointed Mr. J.J. Lynch, Jr. as member of the Executive Board for a term of four years, which is in line with the Dutch Corporate Governance Code. Mr. Lynch, who was appointed to the Executive Board in 2007, has contributed significantly to the Springboard program and is responsible for leading Global Shared Services to a more expanded role within the company.
  • Shareholders also approved the proposed amendment to the Long-Term Incentive Plan of the Executive Board.

Details on the agenda items, the 2010 Annual Report and the 2010 Sustainability Report are available on the company’s website.

2011 Dividend calendar

April 29, 2011
Ex-dividend quotation
April 29 – May 13, 2011
Choice period stock dividend
May 3, 2011
Dividend record date
May 13, 2011 Stock dividend ratio date (after the close of trading)*
May 17, 2011 Cash distribution payable
May 24, 2011 ADR Cash distribution payable
*The stock dividend conversion rate will be set on the basis of the volume weighted average share price of the company during the period from May 9 up to and including May 13, 2011.

2011 Calendar

May 11, 2011 Trading update
July 27, 2011 Half-Year 2011 results
November 9, 2011 Trading update
February 22, 2012  Full-Year 2011 results 

Full overview available at www.wolterskluwer.com

About Wolters kluwer

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.

Forward-looking statements and other important legal information
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.
Contacts
Annemarije Dérogée-Pikaar
Annemarije Dérogée - Pikaar
Director, Corporate Affairs & Communications
Global Branding & Communications
Meg Geldens
Meg Geldens
Vice President, Investor Relations
Investor Relations