World News: 09:00 GMT Monday 20th March 2017. [AkzoNobel NV via Thomson Reuters ONE via SPi World News]
March 20, 2017
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 https://www.akzonobel.com/for-investors/shares/share-buyback-overview
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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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Thomson Reuters: 09:00 GMT Monday 20th March 2017
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