Wolters Kluwer announces that it has committed itself to the repurchase of ordinary shares for a maximum total consideration of €50 million by engaging a third party to execute transactions on its behalf in the period starting March 9, 2017 up to and including May 8, 2017.
Wolters Kluwer share buyback execution update 2017
These share repurchases, which are part of the three-year (2016-2018) up to €600 million buyback program announced on February 24, 2016, will be used for capital reduction purposes or to meet obligations arising from share based incentive plans. The total number of shares repurchased under the up to €600 million buyback program to date is 7.2 million (€250 million), including 1.4 million (€50 million) in 2017 to date.
Any share purchases will be made within the limits of relevant laws and regulations (in particular Regulation (EU) 596/2014) and Wolters Kluwer’s Articles of Association.
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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