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.
At the 2017 Annual General Meeting, Wolters Kluwer shareholders approved a resolution to cancel for capital reduction purposes any or all of the shares held in treasury by the company or to be acquired by the company under its share buyback program 2016-2018. Part of the shares held in treasury will be retained and used to meet obligations under share-based incentive plans.
Further information on our share buyback transactions can be found on our website www.wolterskluwer.com/investors.