Wolters Kluwer 2008 Annual General Meeting of Shareholders
Wolters Kluwer, a leading global information services and publishing company, announced today that the Annual General Meeting of Shareholders (AGM) held today in Amsterdam has adopted the 2007 financial statements and approved the proposed increase of 10% of the dividend over 2007. In addition, the AGM has reappointed Mr. H. Scheffers as member of the Supervisory Board.
The shareholders of Wolters Kluwer were represented in person, by proxy voting, or by voting instruction, representing a total of 55% of the total issued share capital entitled to vote.
The AGM approved the 2007 financial statements and proposal to increase dividend over 2007 by 10%. The company will distribute a dividend of €0.64 per ordinary share. A dividend of €0.64 corresponds with a dividend yield of 2.8% over the closing share price of December 31, 2007. In line with previous years and indicating a strong belief in the future of the company, shareholders can choose between a distribution in the form of cash or stock.
The shareholders reappointed Mr. H. Scheffers in relation to his retirement by rotation, Mr. Scheffers has been a member of the Supervisory Board since 2004. The reappointment is for a second term of four years, until 2012.
At the meeting Nancy McKinstry, CEO and Chairman of the Executive Board, discussed the 2007 results and the outlook for 2008, and shared with the shareholders her view on the successful results of the company’s strategy to accelerate profitable growth in 2007, its first year of implementation. The presentation of Ms. McKinstry is available at the company’s website www.wolterskluwer.com.
Dividend calendar 2008
Dividend record date April 23, 2008
Ex-dividend quotation April 24, 2008
Period of notification of stock or cash dividend April 24 - April 28, 2008
Stock dividend ratio date April 28, 2008 (after the close of trading)
Cash distribution payable May 5, 2008
About Wolters Kluwer
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion, maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.
2008 Half-year results July 30, 2008
2008 Trading update November 5, 2008
2008 Full-year results February 25, 2009
Full overview available at www.wolterskluwer.com.
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; 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.