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Progress on share repurchase program KPN
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Den Haag, 27-8-07
On 14 August 2007, KPN announced an acceleration of its current € 1 bn share repurchase program, in order to benefit from lower share price levels. Further to this statement, KPN announces that, during the week of 20 to 24 August 2007, it has repurchased 10,400,000 KPN ordinary shares at an average price of EUR 11.68. To date, approximately 93.3% of the repurchase program has been completed. The share repurchase program started on 7 February 2007 and was initially intended to run through 31 December 2007.
