AkzoNobel has repurchased 134,000 of its own ordinary shares in the period from January 30, 2017 up to and including February 3, 2017, at an average price of €63.53 per share. The consideration of the repurchase was €8.51 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 818,000 ordinary shares for a total consideration of €50.43 million.
The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.
For more information, visit https://www.akzonobel.com/for-investors/shares/share-buyback-overview