AkzoNobel has repurchased 164,000 of its own ordinary shares in the period from January 16, 2017 up to and including January 20, 2017, at an average price of €61.29 per share. The consideration of the repurchase was €10.07 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 479,000 ordinary shares for a total consideration of €28.88 million.
The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.
For more information, visit the shares buyback overview.