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AkzoNobel share buyback

April 03/2019

MOSCOW (MRC) -- AkzoNobel has repurchased 942,782 of its own ordinary shares in the period from March 25, 2019 up to and including March 29, 2019, at an average price of EUR79.32 per share, said the company.

The consideration of the repurchase was EUR74.8 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 4,096,962 ordinary shares for a total consideration of EUR327.0 million.

AkzoNobel intends to repurchase common shares up to a value of EUR2.5 billion as part of a total EUR6.5 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 on the Share buyback overview page.
Author:Anna Larionova
Tags:pigmentniy krasitel, Akzo Nobel Functional Chemicals B.V., Akzo Nobel Functional Chemicals BV.
Category:General News
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