Wolters Kluwer announces that, in the course of executing on its share buyback program, the number of shares held in treasury has reached 8.4 million, or 3.00% of total issued ordinary shares (279.7 million). In accordance with regulatory requirements, the company has today notified the Dutch Authority for the Financial Markets (AFM).
Share repurchases are being made as part of the three-year (2016-2018) share buyback program originally announced in February 2016. This buyback program was subsequently expanded to include additional repurchases intended to mitigate dilution caused by non-core divestments made in 2017 and 2018.
Repurchased shares are added to and held as treasury shares and will be used for capital reduction purposes or to meet obligations arising from share-based incentive plans.
Further information on our share buyback transactions can be found on Investors.
