Share Buyback Transaction Details June 6 – June 12, 2024
Wolters Kluwer (Euronext: WKL) announced the repurchase of 140,680 ordinary shares between June 6 and June 12, 2024, totaling €21.1 million at an average price of €149.88 per share. This is part of their 2024 share buyback program, aiming for a total of €1 billion. Year-to-date, 3,336,766 shares have been repurchased for €478 million at an average price of €143.24 per share. Third parties will facilitate around €647 million of buybacks from May 2 to December 27, 2024. Repurchased shares will be held as treasury shares and canceled for capital reduction purposes.
- Repurchased 140,680 shares between June 6 and June 12, 2024, for €21.1 million.
- Average share price of recent buyback was €149.88, reflecting investor confidence.
- Cumulative 2024 share repurchases total 3,336,766 shares at €478 million.
- Average price of cumulative buybacks is €143.24 per share, suggesting strong price support.
- €1 billion share buyback program indicates robust financial health and commitment to returning capital to shareholders.
- Third-party facilitation of €647 million in buybacks ensures compliance with regulations and sustained buyback activities.
- No specific revenue or profit growth data provided, limiting insights into operational performance.
- Share buybacks may reduce available capital for other investments or operational improvements.
- High average repurchase prices noted, potentially reflecting market overvaluation concerns.
PRESS RELEASE
Share Buyback Transaction Details June 6 – June 12, 2024
Alphen aan den Rijn – June 13, 2024 - Wolters Kluwer (Euronext: WKL), a global leader in professional information, software solutions, and services, today reports that it has repurchased 140,680 of its own ordinary shares in the period from June 6 2024, up to and including June 12, 2024, for
These repurchases are part of the share buyback program announced on February 21, 2024, under which we intend to repurchase shares for
The cumulative amounts repurchased in the year 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 | 3,336,766 | 478.0 | 143.24 |
For the period starting May 2, 2024, up to and including December 27, 2024, we have engaged third parties to execute approximately
Shares repurchased are added to and held as treasury shares and will be used for capital reduction purposes through share cancelation.
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.
For more information about Wolters Kluwer, please visit: www.wolterskluwer.com.
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About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
Wolters Kluwer reported 2023 annual revenues of
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX, Euro Stoxx 50 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, Facebook, YouTube and Instagram.
| Media | Investors/Analysts |
| Dave Guarino | Meg Geldens |
| Global Communications | Investor Relations |
| t + 1 646 954 8215 | ir@wolterskluwer.com |
| press@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; conditions created by pandemics; 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.
Elements of this press release contain or may contain inside information about Wolters Kluwer within the meaning of Article 7(1) of the Market Abuse Regulation (596/2014/EU). Trademarks referenced are owned by Wolters Kluwer N.V. and its subsidiaries and may be registered in various countries.
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FAQ
What were the details of Wolters Kluwer's share buyback from June 6 to June 12, 2024?
What is the total value of shares Wolters Kluwer repurchased in 2024 to date?
What is the average share price for Wolters Kluwer's 2024 buybacks?
How much does Wolters Kluwer plan to spend on buybacks in 2024?
Who is facilitating Wolters Kluwer's buybacks from May 2 to December 27, 2024?
What will Wolters Kluwer do with the repurchased shares?
