AkzoNobel (Euronext Amsterdam: AKZ) has announced that, in line with the launch of its share buyback program on March 17, 2008, the company has repurchased 1,324,186 ordinary shares in the period September 8 until September 12, 2008. Shares were repurchased at an average price of €40.78.
The total number of shares repurchased under this program to date is 28,464,915 ordinary shares for a total consideration of €1.309 billion.
The first €1 billion tranche of the €3 billion share buyback program was concluded by the end of July 2008. The second tranche of €1 billion is expected to be completed by year end 2008.
You can find detailed information on the daily repurchased shares in our Investor Relations section.