Share Buyback Transaction Details January 25 – 31, 2024

Rhea-AI Summary

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.

Positive

• Wolters Kluwer has successfully executed a significant share buyback program, demonstrating confidence in the company's financial position and commitment to returning value to shareholders.

Negative

• None.

Share Buyback Transaction Details January 25 – 31, 2024

February 1, 2024 - Wolters Kluwer (Euronext: WKL), a global leading provider of expert solutions, insights and services for professionals, today reports that it has repurchased 113,700 its own ordinary shares in the period from January 25, 2024, up to and including January 31, 2024, for €15.8 million and at an average share price of €138.80.

These repurchases are part of the share buyback program announced on November 1, 2023, under which we intend to repurchase shares for €100 million during the period starting January 2, 2024, up to and including February 19, 2024.

The cumulative amounts repurchased to date under this program are as follows:

Share Buyback 2024

Period	Cumulative shares repurchased in period	Total consideration (€ million)	Average share price (€)
2024 to date	462,500	62.0	133.98

For the above-mentioned period, we have engaged a third party to execute €100 million of 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

• 2024.02.01 Share Buyback Transactions January 25 - 31 2024

FAQ

How many shares did Wolters Kluwer repurchase in the given period?

Wolters Kluwer repurchased 113,700 of its own ordinary shares.

What is the total consideration for the shares repurchased in 2024?

The total consideration for the shares repurchased in 2024 is €62.0 million.

What will the repurchased shares be used for?

The repurchased shares will be held as treasury shares for capital reduction purposes or to meet obligations arising from share-based incentive plans.