Amsterdam, the Netherlands, December 10, 2007 - Akzo Nobel has announced the cancellation of the common shares which the company repurchased under its recent share buyback program.
On September 3, 2007, Akzo Nobel announced that it had completed the EUR 1.6 billion share buyback program which was launched on May 3, 2007. Under the program, Akzo Nobel has repurchased an aggregate of 26,736,674 common shares, representing 9.25 percent of the issued share capital as of the end of September 2007.
Akzo Nobel completed the cancellation of all 26,736,674 common shares repurchased under the share buyback program on December 7, 2007
Following this cancellation of common shares, Akzo Nobel has 262.3 million shares outstanding.
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Note to editors
Akzo Nobel is a Fortune Global 500 company and is listed on the Euronext Amsterdam stock exchange. It is also the Chemicals industry leader on the Dow Jones Sustainability Indexes and is included on the FTSE4Good Index. Based in the Netherlands, we are a multicultural organization serving customers throughout the world with coatings and chemicals products. We employ around 43,000 people and conduct our activities in these two segments, with operating subsidiaries in more than 80 countries. Consolidated revenues for 2006 totaled EUR 10 billion. The financial results for the fourth quarter and full year will be published on March 6, 2008 (preliminary date).
Internet: www.akzonobel.com
Not for publication - for more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 20 502 7833
Contact: Tim van der Zanden
