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Share Buyback Transaction Details June 28 - July 4, 2018
July 5, 2018 - Wolters Kluwer today reports that it has repurchased 179,308 of its own ordinary shares in the period from June 28, 2018 up to and including July 4, 2018 for €8.6 million and at an average share price of €48.15.
These share repurchases are part of the three-year share buyback program (2016-2018) originally announced on February 24, 2016. This buyback program includes repurchases made to offset annual incentive share issuance. The cumulative amounts repurchased under this three-year program are now as follows:
Share Buyback Program 2016-2018
| Period | Cumulative shares repurchased in period | Total consideration | Average share price |
| 2018 To Date | 6,140,874 | 268.8 | 43.78 |
| 2017 | 7,768,288 | 300.0 | 38.62 |
| 2016 | 5,826,473 | 199.7 | 34.28 |
| Total | 19,735,635 | 768.6 | 38.94 |
As stated on February 21, 2018, we intend to execute up to €400 million in share buybacks in 2018, including €200 million to mitigate the EPS dilution related to the sale of Corsearch and certain Swedish assets. In addition, following the completion of the sale of ProVation on March 9, 2018, we also intend to deploy these proceeds of this sale (€150 million) towards additional share repurchases in 2018 and 2019 to mitigate the expected EPS dilution.
Current repurchases are being executed under a third party mandate granted on May 9, 2018. Under this mandate, €100 million of share buybacks will be executed in the period from May 10, 2018, up to and including July 30, 2018.
Share repurchases are made within the limits of relevant laws and regulations, in particular Regulation (EU) 596/2014) and Wolters Kluwer`s Articles of Association. 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 is available on our website:
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Download the share buyback transactions excel sheet for detailed individual transaction information.
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Weekly reports on the progress of our share repurchases.
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Overview of share buyback programs.
About Wolters Kluwer
Wolters Kluwer N.V. (WKL.AS) is a global leader in information, software solutions, and services for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2017 annual revenues of €4.4 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries, and employs 19,000 people worldwide.