KPN completes € 200m share buyback
31 Mayo 2024 - 11:38AM
KPN completes € 200m share buyback
KPN today announces that its € 200m share
buyback that was started on 1 February 2024 has been completed on
31 May 2024. In total, KPN has repurchased 59,987,360 ordinary
shares at an average price of € 3.33 per share.
The share buyback is part of KPN’s commitment to
structurally return additional capital to its shareholders and was
executed by an intermediary on behalf of KPN. KPN intends to cancel
58,487,360 of the repurchased shares to reduce its capital, the
remaining 1,500,000 repurchased shares will be retained to cover
employee share plans.
For the weekly transactions update, KPN reports
that it has repurchased 1,933,355 ordinary shares in the period
from 27 to 31 May, which were the final days of the € 200m share
buyback. These shares were repurchased at an average price of €
3.45 per share for a total consideration of € 6.7m.
Transaction details of the share buyback are
available on our website.
For more information:KPN Royal Dutch
TelecomInvestor RelationsWilhelminakade 1233072 AP RotterdamE-mail:
ir@kpn.com
Formal disclosures:
Royal KPN N.V. Head of IR: Matthijs van Leijenhorst Inside
information: Yes Topic: KPN completes € 200m share
buyback31/05/2024; 18:30hKPN-SBB
- KPN completes € 200m share buyback
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