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KPN accelerates share repurchase program
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Den Haag, 11-5-11
KPN announces that it will, with immediate effect, accelerate the first EUR 500m of its EUR 1bn share repurchase program, in order to benefit from lower share price levels. Following the completion of the acceleration, the repurchase of the remaining EUR 500m will continue. The EUR 1bn share repurchase program is expected to be completed around 1 October 2011.
On 26 January 2011, KPN has announced the EUR 1bn share repurchase program. To date, 30.2 million ordinary shares have been repurchased at an average price of EUR 11.39, representing approximately 34% of the total repurchase program.
