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AkzoNobel has repurchased 263,000 of its own ordinary shares in the period from March 20, 2017 up to and including March 24, 2017, at an average price of €76.49 per share. The consideration of the repurchase was €19.80 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 1.99 million ordinary shares for a total consideration of €129.80 million.
In the period from March 9, 2017 up to and including March 24, 2017, AkzoNobel has repurchased 418,200 of its own ordinary shares at an average price of €75.74 per share. The total consideration of the repurchases in this period was €31.46 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.