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.