MOSCOW (MRC) -- AkzoNobel has repurchased 340,000 of its own ordinary shares in the period from February 13, 2017 up to and including February 17, 2017, at an average price of EUR63.21 per share, said the producer on its site.
The consideration of the repurchase was EUR21.36 million.
This is part of a repurchase program announced on December 12, 2016. The total number of shares repurchased under this program to date is 1.30 million ordinary shares for a total consideration of EUR80.86 million.
The purpose of the program is to neutralize the dilutive effect of stock dividends paid in 2016.