AkzoNobel has repurchased 205,000 of its own ordinary shares in the period from January 23, 2017 up to and including January 27, 2017, at an average price of €63.51 per share. The consideration of the repurchase was €13.04 million.
This is part of a repurchase program announced on December 12, 2016. The total number of shares repurchased under this program to date is 684,000 ordinary shares for a total consideration of €41.92 million.
The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.