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Wolters Kluwer, a global leader in professional information, software solutions, and services, repurchased 131,949 of its own ordinary shares from May 2 to May 8, 2024, for €19.0 million at an average share price of €144.20. The company aims to repurchase shares worth €1 billion in 2024. Cumulative shares repurchased in 2024 are 2,620,212, with a total consideration of €372.0 million and an average share price of €141.97. Wolters Kluwer engages third parties for buybacks within legal limits, holding repurchased shares as treasury shares for capital reduction.
Wolters Kluwer's 2024 Annual General Meeting of Shareholders saw approval of all proposed resolutions, including a total dividend of €2.08 per ordinary share.
The composition of the Supervisory Board saw changes, with David Sides appointed and Sophie Vandebroek and Jack de Kreij reappointed. Heleen Kersten succeeds Jeanette Horan as co-Chair of the Selection and Remuneration Committee.
The AGM also approved the 2023 financial statements, with a total dividend of €2.08 per ordinary share. The Remuneration Report, remuneration policy, and proposed amendments were all accepted. Other resolutions, including liability releases and authority extensions, were passed.
Shareholders represented 78.71% of the total issued share capital. Detailed voting results will be available on www.wolterskluwer.com/agm.
Wolters Kluwer, a global leader in professional information, software solutions, and services, has unveiled its dedicated AI center, showcasing its commitment to integrating AI into its products over the past decade. The AI center centralizes the company’s latest AI-driven solutions across various sectors, including health, financial services, legal, ESG, risk, regulatory, and compliance. The launch includes a fireside chat with CEO Nancy McKinstry, emphasizing the impact of AI on professionals' work and the company's leadership in providing cutting-edge tools and information.
Wolters Kluwer, a global leader in professional information and software solutions, released its first-quarter 2024 trading update. Revenues grew by 6% organically, with recurring revenues up 7% and non-recurring revenues up 1%. The adjusted operating profit margin increased, and the adjusted free cash flow also saw growth. The company reiterated its full-year 2024 guidance and completed €353 million of its intended €1 billion share buyback. CEO Nancy McKinstry expressed satisfaction with the performance and highlighted investments in expert solutions and artificial intelligence.
Wolters Kluwer (WKL) repurchased 100,546 of its own shares for €14.1 million at an average price of €140.32 from April 25 to April 29, 2024. The previously announced €205 million share buyback program has been completed, with a total of 2,488,263 shares repurchased to date. The repurchased shares will be held as treasury shares for capital reduction or share-based incentive plans.
