AkzoNobel share repurchase (April 18, 2017 - April
Post# of 301275
April 24, 2017
Akzo Nobel N.V. (AKZA.AS; AKZOY)
AkzoNobel has repurchased 32,726 of its own ordinary shares in the period from April 18, 2017 up to and including April 21, 2017, at an average price of €78.50 per share. The consideration of the repurchase was €2.57 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 2.38 million ordinary shares for a total consideration of €160.00 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/for-investors/share...k-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.
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AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do.
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