Koninklijke KPN N.V. (ENXTAM:KPN) announces a share repurchase program. Under the program, the company will repurchase up to ?200 million worth of its shares. The price to be paid for repurchase should not be less than par value of share and not more than 110% of the average of the closing price on Euronext Amsterdam on each of the five days of trading prior to the date of purchase.

The purpose of the program is to use the repurchased shares for employee share plans and to cancel the unused shares to reduce company's capital. The program will be valid till May 31, 2024.