STOCK TITAN

Wolters Kluwer Completes Capital Reduction

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Negative)
Tags

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.

Wolters Kluwer ha completato una significativa riduzione del capitale approvata dagli azionisti a maggio 2024. L'azienda ha cancellato 10 milioni di azioni ordinarie detenute in tesoreria, riducendo il totale delle azioni ordinarie emesse da 248.516.153 a 238.516.153. Dopo questa cancellazione, Wolters Kluwer detiene ora 2.345.322 azioni in tesoreria, che rappresentano 0,98% del totale delle azioni ordinarie emesse. L'azienda ha informato l'Autorità Olandese per i Mercati Finanziari (AFM) di queste modifiche al suo capitale sociale emesso.

Questa mossa fa parte della strategia di Wolters Kluwer di utilizzare le azioni riacquistate per riduzioni di capitale tramite cancellazione delle azioni. Alcune azioni di tesoreria possono essere mantenute per future obbligazioni nell'ambito di piani di incentivazione basati su azioni.

Wolters Kluwer ha completado una significativa reducción de capital aprobada por los accionistas en mayo de 2024. La empresa ha cancelado 10 millones de acciones ordinarias mantenidas en tesorería, reduciendo su total de acciones ordinarias emitidas de 248.516.153 a 238.516.153. Tras esta cancelación, Wolters Kluwer ahora posee 2.345.322 acciones en tesorería, lo que representa 0,98% del total de acciones ordinarias emitidas. La empresa ha notificado a la Autoridad Holandesa de los Mercados Financieros (AFM) sobre estos cambios en su capital social emitido.

Este movimiento es parte de la estrategia de Wolters Kluwer para utilizar las acciones recompradas para reducción de capital a través de la cancelación de acciones. Algunas acciones en tesorería pueden retenerse para futuras obligaciones bajo esquemas de incentivos basados en acciones.

Wolters Kluwer는 2024년 5월 주주들이 승인한 중요한 자본 감소를 완료했습니다. 이 회사는 1천만 주의 보통주를 자산으로 보유하고 있으며, 발행된 보통주 총 수를 248,516,153주에서 238,516,153주로 줄였습니다. 이 취소 후, Wolters Kluwer는 현재 2,345,322주의 자산을 보유하고 있으며, 이는 발행된 보통주의 0.98%를 차지합니다. 이 회사는 네덜란드 금융시장 당국(AFM)에 자본금 변경 사항을 통보했습니다.

이 조치는 Wolters Kluwer가 주식 취소를 통한 자본 감소를 위해 재매입한 주식을 사용하는 전략의 일환입니다. 일부 자산 주식은 주식 기반 인센티브 계획의 미래 의무를 위해 보유될 수 있습니다.

Wolters Kluwer a terminé une réduction de capital significative approuvée par les actionnaires en mai 2024. L'entreprise a annulé 10 millions d'actions ordinaires détenues en trésorerie, réduisant le total de ses actions ordinaires émises de 248.516.153 à 238.516.153. Après cette annulation, Wolters Kluwer détient maintenant 2.345.322 actions en trésorerie, représentant 0,98% du total des actions ordinaires émises. L'entreprise a informé l'Autorité néerlandaise des Marchés Financiers (AFM) de ces changements dans son capital-actions émis.

Ce mouvement s'inscrit dans la stratégie de Wolters Kluwer d'utiliser les actions rachetées pour réduction de capital par annulation d'actions. Certaines actions de trésorerie peuvent être conservées pour des obligations futures dans le cadre de programmes d'incitation basés sur des actions.

Wolters Kluwer hat eine bedeutende Kapitalherabsetzung abgeschlossen, die von den Aktionären im Mai 2024 genehmigt wurde. Das Unternehmen hat 10 Millionen Stammaktien im eigenen Bestand storniert, wodurch sich die insgesamt ausgegebenen Stammaktien von 248.516.153 auf 238.516.153 verringern. Nach dieser Stornierung hält Wolters Kluwer nun 2.345.322 eigene Aktien, was 0,98% der insgesamt ausgegebenen Stammaktien entspricht. Das Unternehmen hat die niederländische Behörde für die Finanzmärkte (AFM) über diese Änderungen in seinem ausgegebenen Aktienkapital informiert.

Dieser Schritt ist Teil von Wolters Kluwers Strategie, zurückgekaufte Aktien für Kapitalherabsetzung durch Aktienstornierung zu nutzen. Einige eigene Aktien können für zukünftige Verpflichtungen im Rahmen aktienbasierter Anreizsysteme behalten werden.

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 0.98% of total issued ordinary shares.

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.

# # #
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 €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 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 LinkedInTwitter, Facebook, and YouTube.

MediaInvestors / Analysts
Dave GuarinoMeg Geldens
Wolters KluwerWolters Kluwer
VP, Head of Global CommunicationsInvestor Relations
dave.guarino@wolterskluwer.comir@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. 

Attachment


FAQ

How many shares did Wolters Kluwer (WTKWY) cancel in its recent capital reduction?

Wolters Kluwer cancelled 10,000,000 ordinary shares held in treasury as part of its capital reduction plan completed on September 13, 2024.

What is the new total number of issued ordinary shares for Wolters Kluwer (WTKWY) after the capital reduction?

After the capital reduction, the total number of issued ordinary shares for Wolters Kluwer is now 238,516,153, reduced from the previous 248,516,153.

How many shares does Wolters Kluwer (WTKWY) currently hold in treasury after the September 2024 capital reduction?

Following the capital reduction, Wolters Kluwer now holds 2,345,322 shares in treasury, representing 0.98% of total issued ordinary shares.

When was the capital reduction plan for Wolters Kluwer (WTKWY) approved by shareholders?

The capital reduction plan for Wolters Kluwer was approved by shareholders at the Annual General Meeting of Shareholders held on May 8, 2024.

WOLTERS KLUWER S/ADR

OTC:WTKWY

WTKWY Rankings

WTKWY Latest News

WTKWY Stock Data

40.50B
237.29M
0.04%
Specialty Business Services
Industrials
Link
United States of America
Alphen aan den Rijn