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AkzoNobel Announces Share Repurchase

By: Catherine Diamon

AkzoNobel has repurchased 178,500 of its own ordinary shares in the period from March 27, 2017 up to and including March 31, 2017, at an average price of €77.45 per share. The consideration of the repurchase was €13.86 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 2.17 million ordinary shares for a total consideration of €143.66 million.

The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.

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