Share Buyback Transaction Details December 7 – December 13, 2023

Rhea-AI Summary

Wolters Kluwer (WKL) repurchased 204,423 of its own ordinary shares for €26.9 million at an average share price of €131.36 from December 7 to December 13, 2023. The cumulative shares repurchased in 2023 are 8,443,917 for a total consideration of €961.7 million at an average share price of €113.90. The company has also mandated a third party to execute €197 million in share buybacks from November 2 to December 27, 2023, within the limits of relevant laws and regulations.

Positive

• The company is actively repurchasing its own shares, indicating confidence in its future prospects and a desire to return value to shareholders.

Negative

• None.

                                       

Share Buyback Transaction Details December 7 – December 13, 2023

December 14, 2023 - Wolters Kluwer (Euronext: WKL), a global leading provider of expert solutions, insights and services for professionals, today reports that it has repurchased 204,423 of its own ordinary shares in the period from December 7, 2023, up to and including December 13, 2023, for €26.9 million and at an average share price of €131.36.

These repurchases are part of the share buyback program announced on February 22, 2023, under which we intend to repurchase shares for up to €1 billion during 2023.

The cumulative amounts repurchased to date under this year’s buyback program are as follows:

Share Buyback 2023

Period	Cumulative shares repurchased in period	Total consideration (€ million)	Average share price (€)
2023 to date	8,443,917	961.7	113.90

For the period starting November 2, 2023, up to and including December 27, 2023, we have mandated a third party to execute €197 million in share buybacks on our behalf, within the limits of relevant laws and regulations (in particular Regulation (EU) 596/2014) and the company’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:

• Download the share buyback transactions excel sheet for detailed individual transaction information.
• Weekly reports on the progress of our share repurchases.
• Overview of share buyback programs.
  
  

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG. 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 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,900 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.

Media	Investors/Analysts
Paul Lyon	Meg Geldens
External Communications	Investor Relations
t + 44 20 3197 6586	t + 31 172 641 407
press@wolterskluwer.com	ir@wolterskluwer.com

Forward-looking Statements and Other Important Legal Information
This report contains forward-looking statements. These statements may be identified by words such as “expect”, “should”, “could”, “shall” and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This press release contains information which is to be made publicly available under Regulation (EU) 596/2014.

Attachment

• 2023.12.14 Share Buyback Transactions December 7 - December 13 2023

FAQ

How many shares did Wolters Kluwer repurchase from December 7 to December 13, 2023?

Wolters Kluwer repurchased 204,423 of its own ordinary shares.

What was the total consideration for the shares repurchased in 2023?

The total consideration for the shares repurchased in 2023 is €961.7 million.

What is the average share price for the shares repurchased in 2023?

The average share price for the shares repurchased in 2023 is €113.90.

Who executed the share buybacks from November 2 to December 27, 2023?

A third party was mandated to execute €197 million in share buybacks on behalf of Wolters Kluwer.

What will the repurchased shares be used for?

The repurchased shares will be 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.