Wolters Kluwer today reports that it has repurchased 201,969 of its own ordinary shares in the period from August 17, 2017 up to and including August 23, 2017 for €7.5 million and at an average share price of €37.16.
These share repurchases are part of the three-year share buyback program (2016-2018) originally 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 | 4,735,341 | 177.4 | 37.47 |
| 2016 | 5,826,473 | 199.7 | 34.28 |
| Total | 10,561,814 | 377.2 | 35.71 |
On February 24, 2016, we announced our intention to repurchase up to €600 million in shares over the three-year period 2016-2018, including repurchases to offset share issuance related to incentive programs. On July 28, 2017, we increased this program by an additional €100 million in order to mitigate the earnings dilution expected from two divestments agreed in 2017.
Current share repurchases are made on behalf of Wolters Kluwer by a third party to whom we have given a mandate to buy up to a maximum of €100 million in ordinary shares in the period from July 31, 2017 up to and including October 30, 2017.
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.
