June 2, 2017
AkzoNobel N.V. (AKZA.AS; AKZOY)
AkzoNobel today announces it will embark on a program to actively solicit the views of shareholders, including those who have recently challenged the company, specifically regarding how to provide further insight into its strategy and decisions in respect of PPG's proposals.
Building on the extensive dialog to date, this marks the next step in a number of engagement activities the company will undertake with the purpose of improving shareholder relationships. The Boards of AkzoNobel will thoroughly review and consider the feedback received from shareholders in order to determine appropriate additional next steps.
Ton Buchner, CEO, AkzoNobel said:
"We highly value shareholder perspectives and regret that a number of shareholders believe we have insufficiently explained our considerations in respect of PPG's proposals.
"We understand our responsibility and accountability to shareholders and will do our best to provide further insight in order to increase understanding concerning our strategic decisions. We will be seeking and listening to feedback with an aim to improving these important relationships."
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About AkzoNobel
AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do. AkzoNobel had total revenues of €14.2 billion in 2016: Specialty Chemicals - €4.8 billion, Decorative Paints - €3.8 billion, Performance Coatings - €5.7 billion.
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