media release

Akzo Nobel Share Buyback Program (Week 23)

PRESS RELEASE: Akzo Nobel has announced that, in line with the launch of its EUR 1.6 billion share buyback program on May 3, 2007, the company has repurchased 1,385,000 common shares in the period June 4 until June 8, 2007.

 Arnhem, the Netherlands, June 11, 2007 — Akzo Nobel (Euronext Amsterdam: AKZ; Nasdaq: AKZOY) has announced that, in line with the launch of its EUR 1.6 billion share buyback program on May 3, 2007, the company has repurchased 1,385,000 common shares in the period June 4 until June 8, 2007.

were repurchased at an average price of EUR 59.83 for a total amount of EUR 82.9 million.
total number of shares repurchased under this program to date is 6,430,000 common shares for a total consideration of EUR 383.1 million.

completion of the share buyback program is expected by the end of 2007.

 

 

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