AkzoNobel has repurchased 148,000 of its own ordinary shares in the period from March 13, 2017 up to and including March 17, 2017, at an average price of €75.47 per share. The consideration of the repurchase was €11.14 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 1.73 million ordinary shares for a total consideration of €109.99 million.
The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.
For more information, visit Share buyback overview