Wolters Kluwer N V - WTKWY STOCK NEWS

Wolters Kluwer has finalized a capital reduction process, which was sanctioned by shareholders during the Annual General Meeting on April 23, 2020. This action has led to the cancellation of 5,500,000 ordinary shares, bringing the total number of issued ordinary shares to 267,516,153. Following this transaction, 3,540,534 shares remain in treasury, representing 1.3% of the total issued shares. The company remains committed to managing its treasury shares for future incentive schemes.

Wolters Kluwer Legal & Regulatory U.S. launched the Employee Leave Toolkit, a comprehensive resource for employment law professionals managing complex employee leave laws. This toolkit, part of the Cheetah™ legal research platform, provides vital tools and guidance for businesses with at least 15 employees. It includes resources like a Smart Chart for comparing state and federal leave, a Family and Medical Leave Guide, and various practice aids. The toolkit aims to assist employers in navigating compliance challenges heightened by recent federal pandemic laws.

On August 26, Wolters Kluwer Legal & Regulatory U.S. will host a webinar with Corporate Counsel Business Journal, discussing the findings from the 2020 Wolters Kluwer Future Ready Lawyer Survey: Performance Drivers, which includes insights from 700 legal professionals across the U.S. and Europe. Panelists will include legal industry leaders who will discuss the survey's implications in light of the disruptions caused by COVID-19. The survey highlights the need for legal professionals to adapt to the changing landscape, as rapid disruptions in the industry continue to accelerate.

Wolters Kluwer Legal & Regulatory U.S. announced significant enhancements to RBSourceFilings with RegReview, a workflow solution aimed at streamlining SEC filing processes. These upgrades leverage the company's expertise, incorporating features like point-in-time redlining technology, integrated checklists, and progress tracking. Designed for law firms and corporate counsel, this solution helps enhance productivity and reduce costs while ensuring compliance with evolving regulations. Wolters Kluwer reported €4.6 billion in annual revenues for 2019, highlighting its valuable position in the professional information and software solutions market.