2012 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 2011 financial statements and has approved the dividend increase to €0.68 per ordinary share. Mr. D.R. Hooft Graafland was appointed as a new member of Wolters Kluwer’s Supervisory Board.
In her address to the AGM, Nancy McKinstry, CEO and Chairman of the Executive Board, shared details about Wolters Kluwer’s 2011 financial accomplishments and successful execution on the strategy to drive growth through portfolio changes, globalization, and innovation in the business. The portfolio transformation continues with electronic and services revenues now making up 71% of total revenues.
Ms. McKinstry stated, “Our products fill a vital role, helping our customers navigate an increasing amount of information, legislative change, and regulatory compliance complexity, at a time when all customers are being asked to produce more, with fewer resources.”
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 59% of the total issued share capital entitled to vote. All voting items on the agenda were adopted. These items included:
- Shareholders adopted the 2011 financial statements and approved the proposal to distribute a dividend of €0.68 per ordinary share, a 1.5% increase over last year and therefore in line with the progressive dividend policy. As in previous years, shareholders can choose between a distribution in the form of cash or stock.
- Shareholders appointed Mr. D.R. Hooft Graafland as member of the Supervisory Board. Mr. Hooft Graafland is member of the Executive Board and CFO of Heineken N.V. He was nominated by the Supervisory Board in view of his broad international management experience and his financial expertise.
He fills the vacancy created by the resignation of Mr. H. Scheffers from the Supervisory Board at the end of the Annual General Meeting of Shareholders. Mr. Scheffers served on the Supervisory Board for a period of eight years.
Details on the agenda items are available on the company’s website.