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Progress on EUR 1 bn share repurchase program KPN
Den Haag, 27-7-09
Further to the share repurchase program announced on 22 October 2008, KPN announces that, from 20 July to 24 July 2009, it has repurchased 2,280,268 KPN ordinary shares at an average price of EUR 9.93. To date, approximately 67% of the repurchase program has been completed. The repurchase program that started on 19 November 2008 will run through 31 December 2009.
As from 27 July 2009, KPN will, in addition to and on the same terms as the EUR 1 bn share repurchase program 2009, start buying 5.9 million shares to cover the obligations under its management share remuneration plan.
