1. Homepage
  2. Equities
  3. Netherlands
  4. Euronext Amsterdam
  5. Akzo Nobel N.V.
  6. News
  7. Summary
    AKZA   NL0013267909

AKZO NOBEL N.V.

(AKZA)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 05/20 11:35:12 am
79.92 EUR   +1.06%
05/20AKZO NOBEL NV : Berenberg remains its Buy rating
MD
05/18AKZO NOBEL NV : UBS reiterates its Buy rating
MD
05/16AKZO NOBEL NV : UBS gives a Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Akzo Nobel N : AkzoNobel share buyback (January 3, 2022 – January 7, 2022)

01/11/2022 | 11:38am EDT

Akzo Nobel N.V.

Media release

January 11, 2022

AkzoNobel share buyback (January 3, 2022 - January 7, 2022)

AkzoNobel (AKZA; AKZOY) has repurchased 289,390 of its own common shares in the period from January 3, 2022, up to and including January 7, 2022, at an average price of €97.74 per share. The consideration of the repurchase was €28.29 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 8,920,287 ordinary shares for a total consideration of €896.57 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.

Not for publication - for more information

AkzoNobel Media Relations

T +31 (0)88 - 969 7833

Contact: Joost Ruempol

Media.relations@akzonobel.com

AkzoNobel Investor Relations

T +31 6 5008 0907

Contact: Kenny Chae

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 understood 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 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 16:37:05 UTC.


© Publicnow 2022
All news about AKZO NOBEL N.V.
05/20AKZO NOBEL NV : Berenberg remains its Buy rating
MD
05/18AKZO NOBEL NV : UBS reiterates its Buy rating
MD
05/16AKZO NOBEL NV : UBS gives a Buy rating
MD
05/04AKZO NOBEL NV : Goldman Sachs maintains a Buy rating
MD
04/27AkzoNobel share buyback
AQ
04/26AKZO NOBEL N : AkzoNobel share buyback (April 18, 2022 – April 22, 2022)
PU
04/26AKZO NOBEL N : AkzoNobel share buyback (April 18, 2022 – April 22, 2022)
PU
04/26AKZO NOBEL N.V. : Ex-dividend day for final dividend
FA
04/25AKZO NOBEL NV : Goldman Sachs keeps its Buy rating
MD
04/22AKZO NOBEL N : AkzoNobel shareholders approve final dividend at Annual General Meeting
PU
More news
Analyst Recommendations on AKZO NOBEL N.V.
More recommendations
Financials
Sales 2022 10 870 M 11 468 M 11 468 M
Net income 2022 873 M 921 M 921 M
Net Debt 2022 3 115 M 3 286 M 3 286 M
P/E ratio 2022 16,0x
Yield 2022 2,62%
Capitalization 14 131 M 14 908 M 14 908 M
EV / Sales 2022 1,59x
EV / Sales 2023 1,51x
Nbr of Employees 32 900
Free-Float 97,0%
Chart AKZO NOBEL N.V.
Duration : Period :
Akzo Nobel N.V. Technical Analysis Chart | AKZA | NL0013267909 | MarketScreener
Technical analysis trends AKZO NOBEL N.V.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 79,92 €
Average target price 105,14 €
Spread / Average Target 31,6%
EPS Revisions
Managers and Directors
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
Sector and Competitors
1st jan.Capi. (M$)
AKZO NOBEL N.V.-17.18%14 908
THE SHERWIN-WILLIAMS COMPANY-26.75%66 769
ASIAN PAINTS LIMITED-8.07%38 337
PPG INDUSTRIES, INC.-30.60%28 268
NIPPON PAINT HOLDINGS CO., LTD.-20.81%18 237
RPM INTERNATIONAL INC.-16.20%10 924