Wolters Kluwer announces that, in the course of executing on its share buyback program, the number of shares held in treasury has reached 8.7 million, or 3.01% of total issued ordinary shares.
In accordance with regulatory requirements, the company has today notified the Dutch Authority for the Financial Markets (AFM).
Share repurchases are being made as part of the three-year (2016-2018) share buyback program originally announced in February 2016 and expanded to a three-year total of €700 million in July 2017. In 2016, we completed €200 million of share buybacks under this program. In 2017, we intend to repurchase €300 million in shares, of which €290 million has already been completed in the year to date.
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 on our share buyback transactions can be found on Investors.
