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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Wolters Kluwer    WKL   NL0000395903

WOLTERS KLUWER (WKL)
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Wolters Kluwer : Share Buyback Transaction Details September 28 - October 4, 2017

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10/06/2017 | 03:33pm CEST

Release date- 05102017 - Wolters Kluwer today reports that it has repurchased 192,786 of its own ordinary shares in the period from September 28, 2017 up to and including October 4, 2017 for EUR7.5 million and at an average share price of EUR39.15.

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:

Share Buyback Program 2016-2018

Period

Cumulative shares repurchased in period

Total consideration

(EUR million)

Average share price

(EUR)

2017 To Date

5,937,347

222.7

37.51

2016

5,826,473

199.7

34.28

Total

11,763,820

422.5

35.91

On February 24, 2016, we announced our intention to repurchase up to EUR600 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 EUR100 million in order to mitigate the earnings dilution expected from two divestments agreed and completed in 2017 (Transport Services and certain U.K. publishing assets). Our intention is to complete EUR300 million of share repurchases during 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 EUR100 million in ordinary shares in the period from July 31, 2017 up to and including October 30, 2017.

On September 26, 2017, we granted a new mandate to another third party to buy shares on our behalf in the period starting November 2, 2017 up to and including February 19, 2018. Under this mandate, we intend to implement share buybacks of up to EUR50 million in the period from November 2, 2017 up until December 31, 2017, and a further up to EUR50 million in the period from January 1, 2018 up to and including February 19, 2018.

Share repurchases are made within the limits of relevant laws and regulations, in particular Regulation (EU) 596/2014) and Wolters Kluwer'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:

Download the share buyback transactions excel sheet for detailed individual transaction information.

Weekly reports on the progress of our share repurchases.

Overview of share buyback programs.

About Wolters Kluwer

Wolters Kluwer N.V. (AEX: WKL) is a global leader in 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 2016 annual revenues of EUR4.3 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).

For more information about our solutions and organization, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.

Media

Annemarije Pikaar

Corporate Communications

t +31 (0)172 641 470

annemarije.pikaar@wolterskluwer.com

Investors/Analysts

Meg Geldens

Investor Relations

t +31 (0)172 641 407

ir@wolterskluwer.com

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials (€)
Sales 2018 4 301 M
EBIT 2018 931 M
Net income 2018 558 M
Debt 2018 1 873 M
Yield 2018 1,73%
P/E ratio 2018 23,88
P/E ratio 2019 23,03
EV / Sales 2018 3,95x
EV / Sales 2019 3,74x
Capitalization 15 137 M
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Mean consensus HOLD
Number of Analysts 19
Average target price 46,6 €
Spread / Average Target -11%
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Nancy McKinstry Chairman-Executive Board & Chief Executive Officer
Frans J. G. M. Cremers Chairman-Supervisory Board
Kevin B. Entricken Chief Financial Officer
Bruno Francois Jules Angelici Independent Member-Supervisory Board
Reinout Duco Hooft Graafland Vice Chairman-Supervisory Board
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