AkzoNobel has announced the cancellation of the common shares which the company repurchased under its recent share buyback program.
Under the program, which was announced on March 17, 2008 and postponed on September 29, AkzoNobel had repurchased an aggregate of 31,746,972 common shares for a total consideration of €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.