Wolters Kluwers NV - WTKWY STOCK NEWS

Wolters Kluwer (WKL) Repurchases 92,431 Ordinary Shares for €12.0 Million, Completing 2023 Share Buyback Program Totaling €1 Billion

Wolters Kluwer (Euronext: WKL) repurchased 202,170 of its own ordinary shares for €26.3 million at an average share price of €130.29 from December 14 to December 20, 2023. The company has a share buyback program announced on February 22, 2023, to repurchase shares for up to €1 billion during 2023. The cumulative shares repurchased in 2023 to date are 8,646,087, with a total consideration of €988.1 million and an average share price of €114.28.

Wolters Kluwer (WKL) repurchased 204,423 of its own ordinary shares for €26.9 million at an average share price of €131.36 from December 7 to December 13, 2023. The cumulative shares repurchased in 2023 are 8,443,917 for a total consideration of €961.7 million at an average share price of €113.90. The company has also mandated a third party to execute €197 million in share buybacks from November 2 to December 27, 2023, within the limits of relevant laws and regulations.

Wolters Kluwer (WKL) has been recognized as a Leader in the 2023 Gartner Magic Quadrant for Financial Planning Software, showcasing the success of their AI-based CCH Tagetik Budgeting, Planning, and Forecasting software. This enterprise-wide planning solution supports global companies across vertical industries, particularly those with complex needs, and high volume of users. Ralf Gärtner, Senior Vice President, emphasized the technology's ability to connect financial and operational planning processes, providing dynamic updates, improved resiliency, and optimized operational efficiencies.

Wolters Kluwer Legal & Regulatory (LR) integrates Generative Pre-training Transformer (GPT)-generated summaries of court rulings, transforming the way legal professionals assess and interpret case law. The GPT summarization feature significantly reduces the time spent on legal research, providing tens of thousands of GPT-generated summaries for quick understanding of court decisions, enabling easy categorization of relevance, and reducing the volume of documents requiring in-depth review. The company is redefining the landscape for legal professionals by harnessing artificial intelligence into its software and expert solutions, aligning with the increasing need for legal tech and AI-powered solutions by legal professionals. Wolters Kluwer LR tools and expert solutions are powered by AI to enhance legal research workflow, invoice management, and streamline contract lifecycle processes. The company is committed to data protection and AI principles, utilizing only internal data from Wolters Kluwer for the GPT algorithm, ensuring high standards of data integrity and security.

Wolters Kluwer (WKL) reports repurchasing 241,578 of its own ordinary shares for €31.0 million in the period from November 30, 2023, up to and including December 6, 2023, as part of the share buyback program announced on February 22, 2023. The cumulative amounts repurchased to date under this year’s buyback program are 8,239,494 shares for €934.9 million at an average share price of €113.46.

Wolters Kluwer (WKL) named a Leader in Enterprise Carbon Management software by Verdantix, achieving high scores in key data management categories. Enablon Vision platform recognized for data acquisition, aggregation, carbon emissions calculation, net zero program management, vision and strategy, organizational resources, and growth. Integration of ESG reporting and disclosure functionality into Enablon ESG Excellence solution announced. Hundreds of industry-leading enterprises and millions of users globally rely on Enablon solutions for EHS, ESG, Operational Excellence, and GRC.

Wolters Kluwer Legal & Regulatory U.S. (KLU) has acquired the European Investment Law and Arbitration Review, integrating it into Kluwer Arbitration. The review, now available online and in print, offers valuable analysis for arbitration professionals and academics. Starting in 2024, the Review will release two issues per year, covering important legal issues in European Investment Law and Arbitration.

Wolters Kluwer (WKL) has been recognized as a Leader in the 2023 Gartner Magic Quadrant for Financial Close and Consolidation Solutions, showcasing its completeness of vision and ability to execute. The CCH Tagetik platform offers end-to-end financial closing processes, including account reconciliation, AI-based transaction matching, financial and management reporting, and disclosure. Wolters Kluwer was also acknowledged in the 2023 Gartner Market Guide for Financial Reconciliation Solutions. The CCH Tagetik Financial Close & Consolidation platform enhances the speed and accuracy of financial close processes, automating close-adjacent processes like ESG and sustainability performance management. The latest functionality introduced in 2023 enables users to incorporate corporate tax data, including Global Minimum Tax calculations, into their financial close and consolidation processes.