AMSTERDAM — AkzoNobel recently announced it has started to repurchase common shares up to a value of €1 billion, launching the share buyback announced on Feb. 17, 2021. Completion is due in the first quarter of 2022.
The company has engaged a third party to manage the program and perform transactions on its behalf. It is intended that the shares will be cancelled following repurchase. This share buyback will be implemented within the limitations of the authority granted by the Annual General Meeting (AGM) on April 22, 2021.
In accordance with regulations, AkzoNobel will inform the market about the progress made in the execution of this program through weekly updates and at https://www.akzonobel.com/en/investors/share-buyback-overview.