AMSTERDAM — AkzoNobel shareholders voted in favor of all resolutions at the company's Extraordinary General Meeting (EGM). The capital repayment and share consolidation, agreed by a majority of shareholders, follows completion of the sale of the Specialty Chemicals business.
A special cash dividend of €1 billion and share buyback of €2.5 billion will be conducted following the capital repayment and share consolidation. This is in addition to €1 billion advance proceeds distributed by a special cash dividend paid on Dec. 7, 2017. A total of €6.5 billion will have been distributed to shareholders.