Aggregate principal amount of the Bonds tendered under the Cash Offer and Purchase Amount
Wolters Kluwer, together with the dealer managers for the Cash Offer, have determined that approximately EUR 423,000,000 in aggregate principal amount of the Bonds has been validly tendered (or defectively tendered with Wolters Kluwer waiving such defect or causing such defect to be waived).
Wolters Kluwer, together with the dealer managers for the Cash Offer, have determined that approximately EUR 423,000,000 in aggregate principal amount of the Bonds has been validly tendered (or defectively tendered with Wolters Kluwer waiving such defect or causing such defect to be waived).
Subject to the Cash Offer being declared unconditional, as the aggregate principal amount of the Bonds validly tendered has exceeded the aggregate principal amount of EUR 210,000,000 (two hundred and ten million euro) (the "Purchase Amount"), Wolters Kluwer will purchase those Bonds validly tendered on a pro rated basis such that it shall purchase an aggregate principal amount of Bonds equal to the Purchase Amount. The Bonds validly tendered by each individual holder of Bonds will be purchased in an equal proportion by principal amount, rounded down in each case, as necessary, to an integral number of Bonds. The Bond Instructions (as defined in the information memorandum dated November 7, 2003 and published in connection with the Cash Offer, the "Information Memorandum") relating to Bonds not so purchased shall be automatically withdrawn on the expected settlement date (November 26, 2003). For the avoidance of doubt, each individual Bond, if purchased by Wolters Kluwer, is being purchased in its entirety.
Based on currently available information, the pro ration factor for the Bonds tendered under the Cash Offer is expected to be 49.646 %.
Conditions
The Cash Offer is still subject to certain conditions. These conditions to the Cash Offer are described in the Information Memorandum.
The Cash Offer is still subject to certain conditions. These conditions to the Cash Offer are described in the Information Memorandum.
Wolters Kluwer expects to announce on November 21, 2003, whether the conditions to the Cash Offer, have been satisfied or waived by Wolters Kluwer.
Further information
Copies of the Information Memorandum and all press releases and advertisements issued in connection with the Cash Offer will be freely available during normal business hours at the offices of the tender agent, Deutsche Bank, at +44(0)20 7547 5000/+31(0)20 555 4822 as well as at Wolters Kluwer (communication department at +31(0)20 6070459/Press@wolterskluwer.com).
Copies of the Information Memorandum and all press releases and advertisements issued in connection with the Cash Offer will be freely available during normal business hours at the offices of the tender agent, Deutsche Bank, at +44(0)20 7547 5000/+31(0)20 555 4822 as well as at Wolters Kluwer (communication department at +31(0)20 6070459/Press@wolterskluwer.com).
Under no circumstances shall this press release constitute an offer to purchase or sell debt securities or the solicitation of an offer to sell, buy or subscribe for debt securities in any jurisdiction in which such offer or solicitation of an offer is unlawful.
The Cash Offer has not been made (i) within Japan, Canada, Australia or the United States, (ii) to U.S. persons (as defined in Regulation S under the United States Securities Act of 1933, as amended) or (iii) to any resident of Japan, Canada or Australia.
Forward-looking statement
This announcement might contain forward-looking statements. These statements may be identified by words such as 'expect', 'should', 'could', 'shall', and similar expressions. These statements are subject to risks and uncertainties, and actual results and events could differ materially from what is expected presently. Factors leading thereto may include without limitation general economic conditions, conditions in the capital markets, conditions in the markets in which Wolters Kluwer is engaged, behaviour of customers, suppliers and competitors, technological developments, as well as legal and regulatory rules affecting Wolters Kluwer's businesses.
This announcement might contain forward-looking statements. These statements may be identified by words such as 'expect', 'should', 'could', 'shall', and similar expressions. These statements are subject to risks and uncertainties, and actual results and events could differ materially from what is expected presently. Factors leading thereto may include without limitation general economic conditions, conditions in the capital markets, conditions in the markets in which Wolters Kluwer is engaged, behaviour of customers, suppliers and competitors, technological developments, as well as legal and regulatory rules affecting Wolters Kluwer's businesses.
Note for the editor
Wolters Kluwer (Euronext Amsterdam: WKL) is a leading multinational information services company based in the Netherlands. The company's core markets are Health, Tax, Accounting, Corporate & Financial Services, Legal/Regulatory and Education. Wolters Kluwer has annual revenues (2002) of more than EUR 3.9 billion, employing almost 20,000 people and activities in Europe, North America, and Asia Pacific. Wolters Kluwer depositary receipts of shares are quoted on the Euronext Amsterdam and are included in the AEX and Euronext 100 indices.
Wolters Kluwer (Euronext Amsterdam: WKL) is a leading multinational information services company based in the Netherlands. The company's core markets are Health, Tax, Accounting, Corporate & Financial Services, Legal/Regulatory and Education. Wolters Kluwer has annual revenues (2002) of more than EUR 3.9 billion, employing almost 20,000 people and activities in Europe, North America, and Asia Pacific. Wolters Kluwer depositary receipts of shares are quoted on the Euronext Amsterdam and are included in the AEX and Euronext 100 indices.
| Financial publication calendar | ||||||
| Strategy Update |
October 30, 2003 |
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| Bond Buy Back program |
October 30, 2003 |
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| Results third quarter 2003 |
November 12, 2003 |
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| Education investors/analysts day |
November 25, 2003 |
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| Preliminary results 2003 |
February 5, 2004 |
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| Results full year 2003 |
March 8, 2004 |
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| Results first quarter 2004 |
May 2004 |
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| Results half year 2004 |
August 2004 |
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Media: Caroline Wouters, tel. +31 20 6070 459
e-mail: press@wolterskluwer.com
e-mail: press@wolterskluwer.com
Analysts/Investors: Oya Yavuz, tel. +31 20 6070 407
e-mail: ir@wolterskluwer.com
e-mail: ir@wolterskluwer.com