Share Buyback Transaction Details May 16 – May 22, 2024
Wolters Kluwer (Euronext: WKL), a global leader in professional information, software solutions, and services, announced the repurchase of 142,727 ordinary shares between May 16 and May 22, 2024, totaling €20.9 million at an average price of €146.74 per share. This is part of their €1 billion share buyback program for 2024, initiated on February 21, 2024. To date, they have repurchased 2,911,319 shares for €414.6 million at an average price of €142.43. A third party will manage approximately €647 million worth of buybacks until December 27, 2024. The repurchased shares will be held as treasury shares for capital reduction through share cancellation.
- Repurchased 142,727 shares worth €20.9 million, indicating strong cash flow.
- Average repurchase price of €146.74 reflects confidence in the company's stock value.
- Total repurchases to date amount to 2,911,319 shares for €414.6 million, showing substantial progress towards the €1 billion goal.
- Engagement of third parties for executing €647 million in buybacks ensures compliance with laws and efficient management.
- Significant capital allocation of €1 billion to buybacks may limit funds available for other business investments or R&D.
- Share repurchase could be seen as a move to artificially inflate stock prices rather than focusing on organic growth.
- Dependence on third parties for remaining buybacks may introduce execution risk.
PRESS RELEASE
Share Buyback Transaction Details May 16 – May 22, 2024
Alphen aan den Rijn - May 23, 2024 - Wolters Kluwer (Euronext: WKL), a global leader in professional information, software solutions, and services, today reports that it has repurchased 142,727 of its own ordinary shares in the period from May 16, 2024, up to and including May 22, 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 | 2,911,319 | 414.6 | 142.43 |
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 |
| Dave Guarino | Meg Geldens |
| Global Communications | Investor Relations |
| t + 1 646 954 8215 | ir@wolterskluwer.com |
| press@wolterskluwer.com |
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 share buyback program for Wolters Kluwer in 2024?
How many shares did Wolters Kluwer repurchase between May 16 and May 22, 2024?
What was the total value of the shares repurchased by Wolters Kluwer between May 16 and May 22, 2024?
What is the average share price at which Wolters Kluwer repurchased shares between May 16 and May 22, 2024?
How many shares has Wolters Kluwer repurchased so far in 2024?
What is the total consideration for Wolters Kluwer's share repurchases in 2024 to date?
What is the average share price for Wolters Kluwer's repurchases in 2024 to date?
Who will execute the majority of Wolters Kluwer's share buybacks?
What will Wolters Kluwer do with the repurchased shares?
