AkzoNobel share repurchase (January 9, 2017 - January 13, 2017)
January 16 2017 - 8:00AM
January 16, 2017
AkzoNobel has repurchased 137,000 of its own
ordinary shares in the period from January 9, 2017 up to and
including January 13 2017, at an average price of €59.48 per share.
The consideration of the repurchase was €8.14 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 315,000 ordinary shares for a total
consideration of €18.81 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
- - -
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 45,000 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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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
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information contained therein.
Source: AkzoNobel NV via Globenewswire
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