WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer has been recognized as one of America's Best Large Employers by Forbes in 2024, ranking fourth in the Professional Service industry and 164th overall. The award highlights the company's commitment to employee satisfaction and trust, with CEO Nancy McKinstry emphasizing the importance of diversity and advanced technologies in driving success.

Wolters Kluwer's CCH® Tagetik expert solution wins four Dresner Advisory Services Technology Innovation Awards, including recognition for ESG reporting. Ralf Gärtner, Senior VP, highlights the company's commitment to innovation and client support. The awards reflect CCH Tagetik's leadership in Supply Chain Planning, ESG Reporting, Financial Consolidation, Close Management, and Sales Performance Management.

Wolters Kluwer (WTKWY) reports repurchasing 101,500 of its own ordinary shares for €14.1 million at an average share price of €138.65 as part of its share buyback program announced on November 1, 2023. The cumulative shares repurchased to date in 2024 are 564,000 for a total consideration of €76.0 million at an average share price of €134.82. The company has engaged a third party to execute €100 million of buybacks on its behalf, within the limits of relevant laws and regulations, and the repurchased shares will be held as treasury shares for capital reduction purposes or to meet obligations arising from share-based incentive plans.

Wolters Kluwer's CCH® Tagetik expert solution has been recognized as a Leader for the fourth consecutive year in the Nucleus Research CPM Technology Value Matrix. The solution empowers the office of the CFO with comprehensive financial close and consolidation, extended planning, ESG and regulatory reporting, and corporate tax solutions. Nucleus Research highlighted recent product innovations, including new functionality to support multinational companies in collecting, aligning, calculating, and reporting integrated finance and tax data, as well as new ESG-Corporate Sustainability Reporting Directive (CSRD) functionality, enhanced connectivity with SAP S/HANA, and new intelligent analytics capabilities driven by innovative AI technologies.

Wolters Kluwer's Legal & Regulatory division introduces beneficial ownership information (BOI) functionality to Legisway, assisting corporate legal departments in complying with the Corporate Transparency Act. The new feature allows U.S. Legisway customers to identify and store BOI, export information, and streamline compliance. The CTA, effective from January 1, 2024, mandates U.S. businesses to report beneficial ownership information to FinCEN, impacting a wide range of domestic and foreign entities. Legisway's all-in-one SaaS platform aims to enhance collaboration and minimize risk for corporate law departments.

Wolters Kluwer (WKL) reports the repurchase of 113,700 of its own ordinary shares for €15.8 million, part of a €100 million share buyback program announced in November 2023. The cumulative shares repurchased to date in 2024 are 462,500, with a total consideration of €62.0 million. The repurchased shares will be held as treasury shares for capital reduction purposes or to meet obligations arising from share-based incentive plans.

Wolters Kluwer ELM Solutions' 2023 Real Rate Report reveals a steady increase in partner, associate, and paralegal rates, with the mean rate for partners growing from $768 in 2022 to $784 in 2023. The report provides benchmarks of law firm rates and insights into factors shaping legal invoices, leveraging over $160 billion in legal invoice data from ELM Solutions' LegalVIEW database. Alongside the report, the LegalVIEW database powers the award-winning LegalVIEW BillAnalyzer service, offering clients cost savings and improved compliance.

Wolters Kluwer (Euronext: WKL) has reported the details of its share buyback program, revealing that it repurchased 99,400 of its own ordinary shares for €13.6 million at an average share price of €137.24. This is part of a larger buyback program announced in November 2023, with the intention to repurchase shares for €100 million during the period from January 2, 2024, to February 19, 2024. The cumulative amounts repurchased to date under this program are 348,800 shares for a total consideration of €46.2 million and an average share price of €132.41. The company engaged a third party to execute €100 million of buybacks on its behalf, within the limits of relevant laws and regulations and the company's Articles of Association. Repurchased shares will be held as treasury shares and used for capital reduction purposes or to meet obligations arising from share-based incentive plans.

Wolters Kluwer introduces API-enabled integration between CCH SureTax and SAP Document and Reporting Compliance, allowing multinational companies to streamline tax reporting and compliance. The new functionality provides access to indirect U.S. sales-and-use taxes data within SAP S/4HANA. This integration aims to help companies manage their U.S. local and state indirect tax filing obligations within SAP S/4HANA, addressing more than 450 regulations and enabling operational efficiency and seamless compliance. The integration is expected to be a game-changer for multinational companies doing business in the U.S.