Dutch incumbent KPN has completed its E1bn share repurchase programme after buying 2,654,956 ordinary shares at an average price of E11.
The repurchasing programme started on 4 February 2010, and a total of 89.9 million shares have been bought back since…
Dutch incumbent KPN has completed its E1bn share repurchase programme after buying 2,654,956 ordinary shares at an average price of E11.
The repurchasing programme started on 4 February 2010, and a total of 89.9 million shares have been bought back since then at an average E11.12 each.
A spokesman for KPN told TelecomFinance that the share repurchasing was part of plans to increase its dividend offering, with more details on this likely to be announced on 26 January 2011 with 4Q results.
