Ahold Delhaize commences €2 billion share buyback program
02 Janvier 2018 - 8:15AM
Zaandam, the Netherlands, January 2, 2018 - Ahold Delhaize today
commences the €2 billion share buyback program announced on
November 8, 2017 and expects to complete the program before the end
of 2018. The former €1 billion share buyback program was
successfully completed on December 29, 2017.
Maintaining a balanced approach between funding growth in key
channels and returning excess liquidity to shareholders is part of
Ahold Delhaize's financial framework to support its Better Together
strategy. The purpose of the program is to reduce the capital of
Ahold Delhaize, by cancelling all or part of the common shares
acquired through the program.
The program will be executed by intermediaries allowing the
execution of share repurchases in the open market during open and
closed periods. The program will be executed within the limits of
relevant laws and regulations, the existing authority granted by
Ahold Delhaize shareholders in their annual general meeting on
April 12, 2017 and such authority to be granted in their annual
general meeting on April 11, 2018.
Ahold Delhaize will provide regular updates on the progress of
the program by means of press releases, which are also available at
www.aholddelhaize.com/en/media/.
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/ade60c8b-da37-4735-ae00-b6d7e8d506c5
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