2010 Annual General Meeting of Shareholders; Sustainable Entrepreneurship Report over 2009 released
Wolters Kluwer, a market-leading global information services company focused on professionals, announced that the Annual General Meeting of Shareholders (AGM) held in Amsterdam earlier today, has adopted the company’s 2009 financial statements and has approved the dividend increase to €0.66 per ordinary share. Furthermore, Mr. A. Baan and Mr. S.B. James have been re-appointed as members of the Supervisory Board. In advance of the AGM, the Wolters Kluwer Sustainable Entrepreneurship Report was released.
The shareholders of Wolters Kluwer were represented in person, by proxy voting, or by voting instruction, representing a total of 54.66% of the total issued share capital entitled to vote.
The AGM adopted the 2009 financial statements and approved the proposal to distribute a dividend of €0.66 per ordinary share, a 2% increase over last year. The dividend of €0.66 corresponds with a dividend yield of 4.3% over the closing share price of December 31, 2009. 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. For more information, visit www.wolterskluwer.com.
Appointments Supervisory Board
The shareholders of Wolters Kluwer reappointed Mr. A. Baan and Mr. S.B. James in relation to their retirement by rotation. Mr. Baan has been member of the Supervisory Board since 2002 and Chairman since 2006, Mr. James has been a member of the Supervisory Board since 2006. Their reappointment is for a term of four years, until 2014.
Strategic focus driving customer value
Nancy McKinstry, CEO and Chairman of the Executive Board, in her address to the AGM, shared the 2009 financial accomplishments and the achievements of the company’s strategy. Part of her presentation included the company’s 2010-2012 strategy for Maximizing Value for Customers, on how the company will drive profitable growth and increase customer satisfaction through providing end-to-end solutions. The ability to deliver value at the point-of-use is a key component of this growth strategy. High-quality proprietary information will remain at the core of how Wolters Kluwer adds value for customers, with tools and solutions being build that are designed to help customers by reducing complexity, enhancing the accuracy of critical decisions, and improving productivity.
Wolters Kluwer released its Sustainable Entrepreneurship Report over 2009, produced with the application of the GRI principles, prior to the AGM. The report outlines how Wolters Kluwer has extended its sustainable efforts by continuing to drive the portfolio towards more electronic solutions as well as launching several new products which provide customers with more sustainable choices. In addition, activities related to use of clean paper and production processes were expanded. Furthermore, the company was again listed in the Dow Jones Sustainability World Index and also won the SAM 2009 Bronze Class Award in recognition of its sustainability efforts. These efforts demonstrate Wolters Kluwer’s ongoing commitment to operate as a responsible partner in society, supported by its participation in the UN Global Compact. A complete overview of the company’s corporate social responsibility activities throughout 2009 and goals for 2010 are available online.
Resources on the company
The AGM presentation of Ms. McKinstry can be found at www.wolterskluwer.com. In addition, other resources, such as the company’s Sustainable Entrepreneurship Report, recently launched Intelligent Solutions and the 2009 Annual Report, as well as leadership videos are also available through the company’s website.
2010 Dividend calendar
Ex-dividend quotation - April 23, 2010
Dividend record date - April 27, 2010
Stock dividend ratio date - April 29, 2010 (after the close of trading)
Cash distribution payable - May 4, 2010
ADR Cash distribution payable - May 11, 2010
Trading update - May 12, 2010
Half-year 2010 results - July 28, 2010
Trading update - November 3, 2010
Full-year 2010 results - February 23, 2011
Full overview available at www.wolterskluwer.com.
About Wolters Kluwer
Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer’s leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer had 2009 annual revenues of €3.4 billion, employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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.