(CercleFinance.com) – The Dutch telecommunications operator announced on Thursday that it had finalized its 300 million euro share buyback program, which it had started last February.
In a press release, the group specifies that it has acquired, under the plan, some 92.4 million ordinary shares at an average unit price of 3.25 dollars.
KPN, which recalls that these share buybacks aim to redistribute capital to its shareholders, indicates that 89.9 million of the shares purchased are to be canceled.
The remainder, namely 2.5 million shares, is intended to feed its employee shareholding plan.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
