Wolters Kluwer today reports that it has repurchased 121,100 of its own ordinary shares in the period from August 20, 2020, up to and including August 26, 2020, for €8.5 million and at an average share price of €70.58.
These repurchases are part of the share buyback program announced on February 26, 2020, under which we intend to repurchase shares for up to €350 million during 2020.
The cumulative amounts repurchased to date under this program are as follows:
| Period | Cumulative shares repurchased in period | Total consideration (€ million) | Average share price (€) |
| 2020 to date | 3,009,298 | 200.0 | 66.46 |
For the period starting August 6, 2020, up to and including October 28, 2020, we have engaged a third party to execute €100 million of buybacks on our behalf, within the limits of relevant laws and regulations (in particular Regulation (EU) 596/2014) and the company’s Articles of Association.
Repurchased shares are added to and held as treasury shares and will be used for capital reduction purposes or to meet obligations arising from share-based incentive plans.
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.
