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    AKZA   NL0013267909

AKZO NOBEL N.V.

(AKZA)
  Report
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Akzo Nobel N : AkzoNobel share buyback (August 30, 2021 – September 3, 2021)

09/07/2021 | 09:32am EDT

Akzo Nobel N.V.

Media release

September 7, 2021

AkzoNobel share buyback (August 30, 2021 - September 3, 2021)

AkzoNobel (AKZA; AKZOY) has repurchased 239,860 of its own common shares in the period from August 30, 2021, up to and including September 3, 2021, at an average price of €103.05 per share. The consideration of the repurchase was €24.72 million.

This is part of a repurchase program announced on February 17, 2021. AkzoNobel intends to repurchase common shares up to a value of €1 billion. The total number of shares repurchased under this program to date is 4,282,894 ordinary shares for a total consideration of €445.49 million.

The share buyback is due to be completed 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. The share repurchase program will be conducted within the parameters prescribed by the Market Abuse Regulation 596/2014 and the safe harbor parameters prescribed by the Commission Delegated Regulation 2016/1052 for share buybacks.

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

About AkzoNobel

We've been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there's a good chance you're only ever a few meters away from one of our products. Our world class portfolio of brands - including Dulux, International, Sikkens and Interpon

  • is trusted by customers around the globe. We're active in more than 150 countries and have set our sights on becoming the global industry leader. It's what you'd expect from the most sustainable paints company, which has been inventing the future for more than two centuries.

Not for publication - for more information

AkzoNobel Media Relations

AkzoNobel Investor Relations

T +31 (0)88 - 969 7833

T +31 6 5008 0907

Contact: Joost Ruempol

Contact: Kenny Chae

Media.relations@akzonobel.com

Investor.relations@akzonobel.com

Safe Harbor Statement

This report contains statements which address such key issues as AkzoNobel's growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be under-stood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions such as the impact of pandemics. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report.

Christian Neefestraat 2

T +31 (0)88 969 7833

1077 WW Amsterdam

E media.relations@akzonobel.com

P.O. Box 75730

www.akzonobel.com

1070 AS Amsterdam

Netherlands

Disclaimer

Akzo Nobel NV published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 13:31:03 UTC.


© Publicnow 2021
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Sales 2021 9 594 M 11 159 M 11 159 M
Net income 2021 780 M 907 M 907 M
Net Debt 2021 2 043 M 2 377 M 2 377 M
P/E ratio 2021 21,6x
Yield 2021 2,21%
Capitalization 17 445 M 20 299 M 20 292 M
EV / Sales 2021 2,03x
EV / Sales 2022 1,91x
Nbr of Employees 32 800
Free-Float 95,5%
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Number of Analysts 22
Last Close Price 95,70 €
Average target price 110,33 €
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Thierry F. J. Vanlancker Chief Executive Officer
Maarten de Vries Chief Financial Officer
Nils Smedegaard Andersen Chairman-Supervisory Board
Byron Elmer Grote Deputy Chairman-Supervisory Board
Dick M. Sluimers Member-Supervisory Board
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