Akzo Nobel

AkzoNobel declares special cash dividend of EUR 4.50 per share, to be paid on February 25, 2019

Safe Harbor Statement

This press release contains statements which address such key issues such 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 forecasted 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 the sale of Specialty Chemicals. 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, a copy of which can be found on our website: www.akzonobel.com.

AkzoNobel (AKZA; AKZOD, AKZOY) today announced details of a €1 billion special cash dividend as part of a total €6.5 billion being distributed to shareholders following the sale of the Specialty Chemicals business.

Shareholders will receive a special cash dividend of €4.50 per common share on February 25, 2019.

The ex-dividend date will be February 20, 2019 and the record date will be February 21, 2019.

A share repurchase program of €2.5 billion will also commence soon, in addition to the €2 billion capital repayment and share consolidation conducted in January 2019 and the €1 billion special cash dividend paid as advance proceeds in December 2017.

Please refer to the AkzoNobel website, www.akzonobel.com, for further information.

Message details

Sub-group Equities
Issuer Akzo Nobel
Category Dividend
ISIN NL0000009132
Symbol AKZA
Securities name Ordinary shares
Publication date February 15 2019