AkzoNobel has repurchased 106,200 of its own ordinary shares in the period from April 3, 2017 up to and including April 7, 2017, at an average price of €78.55 per share. The consideration of the repurchase was €8.34 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 2.28 million ordinary shares for a total consideration of €151.99 million.
The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.
For more information, visit the share buyback overview.
This is a press release by Akzo Nobel N.V. pursuant to Section 5, paragraph 4 of the Netherlands Decree on Public Takeover Bids.