Progress on EUR 1 bn share repurchase program KPN and cancellation of shares

Share KPN


> read more

Downloads

Den Haag, 29-3-10



Further to the share repurchase program announced on 26 January 2010, KPN announces that, from 22 March 2010 to 26 March 2010, it has repurchased 1,480,983 KPN ordinary shares at an average price of EUR 11.59. To date, approximately 10% of the repurchase program has been completed. The repurchase program that started on 4 February 2010 is expected to be finalised by the end of 2010.

KPN has concluded the cancellation of 10,711,653 ordinary shares that were repurchased as part of the EUR 1.0 billion share repurchase program of 2009. Following this cancellation, KPN will have 1,618,143,669 ordinary shares outstanding. With this cancellation, all 96,219,123 shares that have been repurchased under the EUR 1.0 billion share repurchase program of 2009, have been cancelled.