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 notified the Dutch Authority for the Financial Markets (AFM). Share repurchases are being made as part of the share buyback program announced on February 20, 2019. Under this 2019 buyback program we intend to repurchase shares for up to €250 million during 2019.
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.