AkzoNobel share repurchase (March 20, 2017 - March 24, 2017)
March 27 2017 - 7:00AM
March 27, 2017
Akzo Nobel N.V. (AKZA.AS;
AKZOY)
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
https://www.akzonobel.com/for-investors/shares/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.
- - -
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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This press release contains statements which address key issues
such as AkzoNobel's growth strategy, future financial results,
market positions, product development, products in the pipeline and
product approvals. Such statements should be carefully considered,
and it should be understood that many factors could cause
forecasted and actual results to differ from these statements.
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by information provided by specialized external agencies. For a
more comprehensive discussion of the risk factors affecting our
business please see our latest annual report, a copy of which can
be found on our website: www.akzonobel.com.
Media Release - AkzoNobel
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Source: AkzoNobel NV via Globenewswire
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