AkzoNobel share repurchase (March 20, 2017 - March 24, 2017)
(Thomson Reuters ONE) -
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.
Not for publication - for more information
Corporate Media Relations Corporate Investor Relations
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Contact: Andrew Wood Contact: Lloyd Midwinter
Safe Harbor Statement
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. These
factors include, but are not limited to, price fluctuations, currency
fluctuations, developments in raw material and personnel costs, pensions,
physical and environmental risks, legal issues, and legislative, fiscal, and
other regulatory measures. Stated competitive positions are based on management
estimates supported 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:
http://hugin.info/130660/R/2090833/789785.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AkzoNobel NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 532603
Anzahl Zeichen: 4165
contact information:
Town:
Amsterdam
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"AkzoNobel share repurchase (March 20, 2017 - March 24, 2017)"
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