Wolters Kluwer announces that, in the course of executing on its share buyback program, the number of shares held in treasury has reached 15.1 million, or 5.00% of total issued ordinary shares. In accordance with regulatory requirements, the company has today notified the Dutch Authority for the Financial Markets (AFM).
Part of the shares held in treasury will be retained and used to meet obligations under share-based incentive plans. At the 2017 Annual General Meeting of Shareholders Wolters Kluwer will propose cancelling any or all of the other shares held by the company or to be acquired by the company under its share buyback program 2016-2018.
Share repurchases are being made as part of the three year (2016-2018) share buyback program announced in February 2016. Under this program, Wolters Kluwer intends to repurchase shares for up to €600 million, including anti-dilution share repurchases.
Further information on our share buyback transactions can be found on Investors.