05/04/2021 | Press release | Distributed by Public on 05/04/2021 02:06
Wolters Kluwer today reports that it has repurchased 64,630 of its own ordinary shares in the period from April 29, 2021, up to and including May 3, 2021, for €4.9 million and at an average share price of €75.45.
The previously disclosed third-party agreement to repurchase shares for €70 million during the period starting February 26, 2021 up to and including May 3, 2021, has hereby been fulfilled.
These repurchases are part of the share buyback program announced on February 24, 2021, under which we intend to repurchase shares for up to €350 million during 2021.
The cumulative amounts repurchased to date under this program are as follows:
Period | Cumulative shares repurchased in period | Total consideration (€ million) | Average share price (€) |
2021 to date | 2,276,062 | 158.6 | 69.66 |
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:
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
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.
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