SOURCE: Wolters Kluwer NV

April 20, 2007 11:52 ET

Wolters Kluwer Shareholders Approve Dividend and Appoint New Members of Executive Board and Supervisory Board

2007 Annual General Meeting of Shareholders of Wolters Kluwer

AMSTERDAM, NETHERLANDS -- (MARKET WIRE) -- April 20, 2007 -- Wolters Kluwer, a leading global information services and publishing company, announced today that the Annual General Meeting of Shareholders (AGM), held in Amsterdam, has adopted the 2006 financial statements and approved the proposed dividend. In addition, the AGM has appointed Mr. J.J. Lynch, Jr. as a new member of the Executive Board and Mr. B.F.J. Angelici as a new member of the Supervisory Board.

Several hundred shareholders were represented at the AGM in person, by proxy voting, or by voting instruction. In her remarks to the assemblage, Nancy McKinstry, CEO and Chairman of the Executive Board, reviewed Wolters Kluwer's 2006 results and successful completion of its 2003-06 transformation plan, discussed the company's strategy to accelerate profitable growth in 2007 and beyond.

Nancy McKinstry commented in her presentation: "I am pleased with the performance of Wolters Kluwer in 2006. We met or exceeded all of our Key Performance Indicators, delivering solid organic growth and strong free cash flow. We completed our restructuring program, which resulted in significant cost savings and made our business units stronger and better equipped to grow. 2006 also saw double-digit revenue growth from online and software products, supporting Wolters Kluwer's transformation into a broad provider of information, software, and services. All of these accomplishments created a strong foundation on which to build in 2007 and beyond."

Ms. McKinstry's presentation is available on www.wolterskluwer.com.

Approval of Dividend

Wolters Kluwer will pay a dividend of EUR 0.58 (previous year EUR 0.55) per ordinary share in cash or, at the option of the holders of ordinary shares, in the form of ordinary shares, chargeable to the share premium reserve, or if preferred, the other reserves. The stock dividend will be determined on April 27, 2007 (after the close of trading). The dividend will be made payable as from May 3, 2007. For more information see www.wolterskluwer.com/WK/Investors.

New Members of Executive Board and Supervisory Board

Mr. J.J. Lynch, Jr. (1959, USA), Senior Vice President of Business Development, was appointed at the AGM as a new member of the Executive Board. As previously announced, the Supervisory Board had proposed the appointment of Mr. Lynch as Mr. J.M. Detailleur's successor as Executive Board Member. Mr. Detailleur will retire from the Executive Board in May 2007.

In connection with the retirement of Mr. H. Pennings, Mr. B.F.J. Angelici was appointed as a new member of the Supervisory Board at the AGM. Mr. Angelici (1947, French) currently is Executive Vice President of AstraZeneca Plc, a global pharmaceutical company, and is responsible for that company's business in Europe, Japan, Asia Pacific, Latin America, the Middle East, and Africa.


Charitable Initiative: Operation Eardrop Foundation

In 2006, Wolters Kluwer streamlined its community involvement and charitable initiatives to focus on two core themes which are central to Wolters Kluwer's value creation: knowledge-sharing and health.

In honor of the 2007 AGM, and in lieu of a gift to the attendees, Wolters Kluwer made a donation to the Operation Eardrop. Operation Eardrop fits well with both of the company's core themes by improving the health of children and providing training to enable and enhance local support and solutions for the future.

Since 1983 Operation Eardrop has been dedicating itself on a voluntary basis to the needs of the deaf and otherwise hearing impaired children in Kenya. For more information on Operation Eardrop and Wolters Kluwer's sustainability activities visit www.eardrop.nl and www.wolterskluwer.com/2006SER.

A report on the Annual General Meeting of Shareholders will shortly be available on www.wolterskluwer.com.

Note to the press:

Portraits and resumes of Mr. Lynch and Mr. Angelici are available on request, please contact press@wolterskluwer.com.

About Wolters Kluwer

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has 2006 annual revenues of EUR 3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.

Forward-looking Statements

This press release 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.


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Contact Information

  • Contact:
    Caroline Wouters
    Vice President,
    Corporate Communications
    Wolters Kluwer nv
    + 31 (0)20 6070 459
    press@wolterskluwer.com

    Oya Yavuz
    Vice President,
    Investor Relations
    Wolters Kluwer nv
    + 31 (0)20 6070 407
    ir@wolterskluwer.com