AMSTERDAM, NETHERLANDS: AkzoNobel NV has repurchased 178,000 of its own ordinary shares in the period from 2 January 2017 up to and including 6 January 2017. At an average price of €59.92 per share. The consideration of the repurchase was €10.67 million.
This is the first repurchase under a program announced 12 December 2016.
The purpose of the program is to neutralise the dilutive effect of stock dividends paid in 2016.
© Worldofchemicals News
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