AkzoNobel (AKZA; AKZOD, AKZOY) today announced details of a €1 billion special cash dividend as part of a total €6.5 billion being distributed to shareholders following the sale of the Specialty Chemicals business.

Shareholders will receive a special cash dividend of €4.50 per common share on February 25, 2019. The ex-dividend date will be February 20, 2019 and the record date will be February 21, 2019.

A share repurchase program of €2.5 billion will also commence soon, in addition to the €2 billion capital repayment and share consolidation conducted in January 2019 and the €1 billion special cash dividend paid as advance proceeds in December 2017.

Please refer to the AkzoNobel website, for further information.