AkzoNobel Confirms Details Of EUR 2 Bln Capital Repayment, Share Consolidation [Reuters]
AKZO NOBEL N V S/ADR (AKZOY)
US:NASDAQ Investor Relations:
akzonobel.com/for-investors/shares/adr
Company Research
Source: Reuters
Akzo Nobel NV (AKZOY.PK) Key Developments | Reuters.com Jan 17 (Reuters) - AKZO NOBEL NV ::AKZONOBEL CONFIRMS DETAILS OF €2 BILLION CAPITAL REPAYMENT AND SHARE CONSOLIDATION.A SHARE CONSOLIDATION RATIO OF 9:8 WILL BE EFFECTIVE ON JANUARY 24, 2019.SHAREHOLDERS WILL RECEIVE A CAPITAL REPAYMENT OF €8.78 PER COMMON SHARE ON JANUARY 25, 2019..A SPECIAL CASH DIVIDEND OF €1 BILLION WILL BE PAID IN FEBRUARY 2019.SHARE BUYBACK PROGRAM OF €2.5 BILLION WILL COMMENCE SOON. Full Article Dec 13 (Reuters) - AKZO NOBEL NV ::AKZONOBEL ACQUIRES FULL OWNERSHIP OF CHINESE DECORATIVE PAINTS JOINT VENTURE.SIGNED AND CLOSED ACQUISITION OF SWIRE INDUSTRIAL LIMITED'S MINORITY INTEREST IN AKZONOBEL SWIRE PAINTS (ANSP) JV. Full Article Oct 2 (Reuters) - AKZO NOBEL NV ::SHAREHOLDERS WILL RECEIVE EUR 5.5 BILLION, FOLLOWING COMPLETION OF SALE OF SPECIALTY CHEMICALS BUSINESS.THIS IS IN ADDITION TO EUR 1 BILLION ADVANCE PROCEEDS DISTRIBUTED BY A SPECIAL CASH DIVIDEND PAID ON DECEMBER 7, 2017.TOTAL OF EUR 6.5 BI
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