Wolters Kluwer Completes Capital Reduction
Rhea-AI Summary
Wolters Kluwer has completed a significant capital reduction approved by shareholders in May 2024. The company has cancelled 10 million ordinary shares held in treasury, reducing its total issued ordinary shares from 248,516,153 to 238,516,153. After this cancellation, Wolters Kluwer now holds 2,345,322 shares in treasury, representing 0.98% of total issued ordinary shares. The company has notified the Dutch Authority for the Financial Markets (AFM) of these changes in its issued share capital.
This move is part of Wolters Kluwer's strategy to use repurchased shares for capital reduction through share cancellation. Some treasury shares may be retained for future obligations under share-based incentive schemes.
Positive
- Reduction of 10 million shares, potentially increasing value for remaining shareholders
- Completion of shareholder-approved capital reduction plan
- Potential for improved earnings per share metrics
Negative
- None.
PRESS RELEASE
Wolters Kluwer Completes Capital Reduction
Alphen aan den Rijn – September 13, 2024 - Wolters Kluwer announces that it has completed the reduction in share capital approved by shareholders at the Annual General Meeting of Shareholders held on May 8, 2024.
The company confirms that 10,000,000 ordinary shares held in treasury have now been cancelled. The total number of issued ordinary shares is therefore reduced to 238,516,153 (previously 248,516,153).
Following this cancellation, the number of shares held in treasury is now 2,345,322 and, in accordance with regulatory requirements, Wolters Kluwer has notified the Dutch Authority for the Financial Markets (AFM) of the change in its issued share capital and that it currently holds
Shares repurchased by the company are added to and held as treasury shares, to be used for capital reduction purposes through share cancellation. Part of these treasury shares may be retained and used to meet future obligations under share-based incentive schemes.
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About Wolters
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 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 |
| Dave Guarino | Meg Geldens |
| Wolters Kluwer | Wolters Kluwer |
| VP, Head of Global Communications | Investor Relations |
| dave.guarino@wolterskluwer.com | ir@wolterskluwer.com |
| t +1 646 954 8215 | |
| Stefan Kloet | |
| Associate Director | |
| Wolters Kluwer | |
| Global Communications | |
| Stefan.Kloet@wolterskluwer.com | |
| t +31 612 22 36 57 |
Forward-looking statements and other important legal information
This press release 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
How many shares did Wolters Kluwer (WTKWY) cancel in its recent capital reduction?
What is the new total number of issued ordinary shares for Wolters Kluwer (WTKWY) after the capital reduction?
How many shares does Wolters Kluwer (WTKWY) currently hold in treasury after the September 2024 capital reduction?
When was the capital reduction plan for Wolters Kluwer (WTKWY) approved by shareholders?
