ALPHEN AAN DEN RIJN, Netherlands, June 14, 2016 (GLOBE NEWSWIRE) -- Wolters Kluwer, a global leader in professional information services and solutions, announces that, so far this year, it has repurchased 0.8 million ordinary shares for a total consideration of €27 million. These repurchases have been made as part of the three year (2016-2018) share buyback program announced in February 2016. Under this program, Wolters Kluwer intends to repurchase shares for up to €600 million, including anti-dilution share repurchases.
The repurchased shares are added to and held as treasury shares, which total 9.2 million. In accordance with regulatory requirements to report a holding when it equals or exceeds 3%, the company has notified the Dutch Authority Financial Markets.
About Wolters Kluwer
Wolters Kluwer N.V. (AEX: WKL) is a global leader in professional information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries, and employs 19,000 people worldwide.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
|Annemarije Pikaar||Meg Geldens|
|Corporate Communications||Investor Relations|
|t + 31 (0)172 641 470||t + 31 (0)172 641 407|
This report 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.
PDF version of Press Release http://hugin.info/130682/R/2020310/750323.pdf
Source:Wolters Kluwer NV