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    AKZA   NL0013267909

AKZO NOBEL N.V.

(AKZA)
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05/25AKZO NOBEL NV : JP Morgan remains Neutral
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05/24AKZO NOBEL N : AkzoNobel share buyback (May 16, 2022 – May 20, 2022)
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05/24AKZO NOBEL N : AkzoNobel share buyback (May 16, 2022 – May 20, 2022)
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Akzo Nobel N : AkzoNobel share buyback (December 27, 2021 – December 31, 2021)

01/04/2022 | 03:09am EDT

AkzoNobel (AKZA; AKZOY) has repurchased 175,018 of its own common shares in the period from December 27, 2021, up to and including December 31, 2021, at an average price of €95.70 per share. The consideration of the repurchase was €16.75 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 8,630,897 ordinary shares for a total consideration of €868.28 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 supply the sustainable and innovative paints and coatings that our customers, communities - and the environment - are increasingly relying on. That's why everything we do starts with People. Planet. Paint. 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 a pioneering paints company that's committed to science-based targets and is taking genuine action to address globally relevant challenges and protect future generations.

Disclaimer

Akzo Nobel NV published this content on 04 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 08:08:01 UTC.


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Financials
Sales 2022 10 870 M 11 661 M 11 661 M
Net income 2022 873 M 937 M 937 M
Net Debt 2022 3 115 M 3 342 M 3 342 M
P/E ratio 2022 17,1x
Yield 2022 2,58%
Capitalization 13 535 M 14 519 M 14 519 M
EV / Sales 2022 1,53x
EV / Sales 2023 1,45x
Nbr of Employees 32 900
Free-Float 97,0%
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Number of Analysts 1
Last Close Price 29,48 $
Average target price 40,00 $
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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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