AkzoNobel (AKZA; AKZOY) has repurchased 2,534,989 of its own ordinary shares in the period from May 6, 2019 up to and including May 10, 2019, at an average price of EUR74.48 per share.
The consideration of the repurchase was EUR188.80 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 11,453,034 ordinary shares for a total consideration of EUR890.50 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 on the share buyback overview page.
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