AkzoNobel has repurchased 137,000 of its own ordinary shares in the period from January 9, 2017 up to and including January 13 2017, at an average price of €59.48 per share. The consideration of the repurchase was €8.14 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 315,000 ordinary shares for a total consideration of €18.81 million.
The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.
For more information, visit Shares Buyback Overview