Share Buyback Transaction Details May 30 – June 5, 2024
Wolters Kluwer (Euronext: WKL) repurchased 140,804 shares between May 30 and June 5, 2024, totaling €20.7 million at an average price of €146.81 per share. This is part of a €1 billion buyback program announced on February 21, 2024. To date, 3,196,086 shares have been bought back for €456.9 million at an average price of €142.95. A third party will execute the remaining €647 million in buybacks by December 27, 2024. The repurchased shares will be held as treasury shares and canceled for capital reduction.
- Repurchase of 140,804 shares between May 30 and June 5, 2024.
- Total repurchase value of €20.7 million during the specified period.
- Average share price during repurchase: €146.81.
- Year-to-date cumulative repurchase of 3,196,086 shares.
- Total consideration for year-to-date repurchase: €456.9 million.
- Average share price for year-to-date repurchase: €142.95.
- Remaining €647 million in buybacks to be executed by third parties.
- Shares repurchased will be canceled for capital reduction.
- Significant share repurchase expenditure may impact liquidity.
- High average share price (€146.81) in recent repurchase period.
- Total expenditure on buybacks to date is substantial (€456.9 million).
- Remaining buybacks (€647 million) represent a significant future financial commitment.
PRESS RELEASE
Share Buyback Transaction Details May 30 – June 5, 2024
Alphen aan den Rijn – June 6, 2024 - Wolters Kluwer (Euronext: WKL), a global leader in professional information, software solutions, and services, today reports that it has repurchased 140,804 of its own ordinary shares in the period from May 30 2024, up to and including June 5, 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 | 3,196,086 | 456.9 | 142.95 |
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 |
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| Global Communications | Investor Relations |
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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 is the total value of shares repurchased by Wolters Kluwer between May 30 and June 5, 2024?
How many shares did Wolters Kluwer buy back between May 30 and June 5, 2024?
What was the average price of Wolters Kluwer shares during the buyback period from May 30 to June 5, 2024?
What is the total number of shares repurchased by Wolters Kluwer in 2024 to date?
What is the total consideration for Wolters Kluwer's share buybacks in 2024 to date?
What is the average share price of Wolters Kluwer's repurchased shares in 2024 to date?
What is the remaining amount to be executed for Wolters Kluwer's share buyback program in 2024?
What will Wolters Kluwer do with the repurchased shares?
