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Completion of EUR 1 bn share repurchase program KPN and cancellation of shares
Den Haag, 22-9-08
Further to the share repurchase program announced on 5 February 2008, KPN announces that, during the week of 15 September to 19 September 2008, it has repurchased 1,539,831 KPN ordinary shares at an average price of EUR 11.09. To date, the EUR 1 bn repurchase program has been completed. The repurchase program that started on 22 February 2008 has been completed on 17 September 2008. During the program, a total of 88.5 million KPN shares has been repurchased at an average price of EUR 11.30.
On 17 September 2008 KPN concluded the cancellation of 57,836,433 ordinary shares which were repurchased as part of the EUR 1.0 billion share repurchase program, announced on 22 February 2008. Following this cancellation KPN will have 1,745,066,080 ordinary shares outstanding. The remainder of the shares repurchased as part of the EUR 1.0 billion share repurchase program will be cancelled as well.
