Deliver Your News to the World

AkzoNobel share buyback


WEBWIRE

AkzoNobel (AKZA; AKZOY) has repurchased 608,372 of its own ordinary shares in the period, at an average price of 83.78 per share. The consideration of the repurchase was 50.97 million.

This is part of a repurchase program announced on February 13, 2019. The total number of shares repurchased under this program to date is 19,945,500 ordinary shares for a total consideration of 1,553.75 million.

AkzoNobel intends to repurchase common shares up to a value of 2.5 billion as part of a total 6.5 billion being distributed to shareholders following the sale of the Specialty Chemicals business. The share buyback is due to be completed by the end of 2019.

In accordance with regulations, AkzoNobel will inform the market about the progress made in the execution of this program through weekly updates and at https://www.akzonobel.com/for-investors/shares/share-buyback-overview


( Press Release Image: https://photos.webwire.com/prmedia/7/243414/243414-1.png )


WebWireID243414





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.