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AkzoNobel has repurchased 340,000 of its own ordinary shares in the period from February 13, 2017 up to and including February 17, 2017, at an average price of €63.21 per share. The consideration of the repurchase was €21.36 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 1.30 million ordinary shares for a total consideration of €80.86 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/en/investors/share-buyback-overview