Wolters Kluwer today reports that it has repurchased 79,971 of its own ordinary shares in the period from May 4, 2017 up to and including May 8, 2017 for €3.2 million and at an average share price of €39.55.
These share repurchases are part of the three-year (2016-2018), up to €600 million buyback program announced on February 24, 2016. The cumulative number of shares repurchased under this three-year program is as follows:
| Period | Cumulative shares repurchased in period | Total consideration (€ million) | Average share price (€) |
| 2017 to date | 2,694,538 | 100.0 | 37.11 |
| 2016 | 5,826,473 | 199.7 | 34.28 |
| Total | 8,521,011 | 299.7 | 35.18 |
The third party engagement to repurchase €50 million in shares between March 9, 2017 and May 8, 2017 has hereby been fulfilled. For the period starting May 11, 2017 up to and including July 25, 2017, a third party will execute share buybacks for a maximum of €50 million on behalf of Wolters Kluwer, as announced in the first-quarter 2017 trading update.
Further information is available on our website:
Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare, tax and accounting, financial and corporate compliance, legal and regulatory , and corporate performance and ESG sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
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