AkzoNobel Announces Cancellation of Repurchased Stock
December 31, 2008
AMSTERDAM, the Netherlands - AkzoNobel has announced the cancellation of the common shares the company repurchased under its recent share buyback program.
Under the program, which was announced on Mar. 17, 2008, and postponed on Sept. 29, AkzoNobel had repurchased an aggregate of 31,746,972 common shares for a total consideration of EUR 1.437 billion. AkzoNobel has now completed the cancellation of all 31,746,972 shares.
Following this cancellation, Akzo Nobel has 231,655,551 common shares outstanding.