January 26, 2021
AkzoNobel share buyback (January 18, 2021 – January 22, 2021)
AkzoNobel (AKZA; AKZOY) has repurchased 216,000 of its personal frequent shares within the interval from January 18, 2021, as much as and together with January 22, 2021, at a median value of €87.12 per share. The consideration of the repurchase was €18.82 million.
That is a part of a repurchase program introduced on October 21, 2020. AkzoNobel intends to repurchase frequent shares as much as a worth of €300 million. The full variety of shares repurchased below this program so far is 1,275,776 extraordinary shares for a complete consideration of €112.45 million.
The share buyback is because of be accomplished within the first half of 2021. The corporate has engaged a 3rd get together to handle this system and carry out transactions on its behalf. It’s supposed that the shares shall be cancelled following repurchase.
The share buyback is applied throughout the limitations of the authority granted by the Annual Common Assembly (AGM) on April 23, 2020. The share repurchase program is performed throughout the parameters prescribed by the Market Abuse Regulation 596/2014 and the secure harbor parameters prescribed by the Fee Delegated Regulation 2016/1052 for share buybacks.
In accordance with rules, AkzoNobel will proceed to tell the market concerning the progress made within the execution of this program by weekly updates and at https://www.akzonobel.com/for-investors/shares/share-buyback-overview
We’ve been pioneering a world of potentialities to convey surfaces to life for effectively over 200 years. As specialists in making coatings, there’s a superb likelihood you’re solely ever a number of meters away from considered one of our merchandise. Our world class portfolio of manufacturers – together with Dulux, Worldwide, Sikkens and Interpon – is trusted by prospects across the globe. We’re lively in additional than 150 international locations and have set our sights on changing into the worldwide business chief. It’s what you’d count on from essentially the most sustainable paints firm, which has been inventing the long run for greater than two centuries.
Not for publication – for extra info
Protected Harbor Assertion
This report incorporates statements which deal with such key points as AkzoNobel’s development technique, future monetary outcomes, market positions, product growth, merchandise within the pipeline and product approvals. Such statements must be fastidiously thought of, and it must be under-stood that many elements may trigger forecast and precise outcomes to vary from these statements. These elements embrace, however are usually not restricted to, value fluctuations, foreign money fluctuations, developments in uncooked materials and personnel prices, pensions, bodily and environmental dangers, authorized points, and legislative, fiscal, and different regulatory measures, in addition to important market disruptions such because the impression of pandemics. Acknowledged aggressive positions are primarily based on administration estimates supported by info supplied by specialised exterior businesses. For a extra complete dialogue of the chance elements affecting our enterprise, please see our newest annual report.