AkzoNobel has announced that, in line with the launch of its €1 billion share buyback program on March 17, 2008, the company has repurchased 920,000 ordinary shares in the period May 5 until May 9, 2008. Shares were repurchased at an average price of €52.14.
The €1 billion program is the first tranche of a €3 billion share buyback program.
The total number of shares repurchased under this program to date is 4,468,750 ordinary shares for a total consideration of €239.6 million.
You can find detailed information on the daily repurchased shares in our Investor Relations section.