Ahold commences ? 500 million share buyback program
(Thomson Reuters ONE) -
Amsterdam, the Netherlands - Ahold commences the ? 500 million share buyback
program announced on March 4, 2010. The purpose of the share buyback program is
to return value to shareholders. The program will be executed by intermediaries
through open market purchases and is expected to be finalized within 12 months.
The program will be executed within the limitations of the existing authority
granted by Ahold's Annual General Meeting of Shareholders (AGM) on April
28, 2009 and, if granted, of the authority as proposed to Ahold's AGM on April
13, 2010.
The program does not include repurchases of Ahold's American Depositary Receipts
(ADRs). Ahold may cancel all or part of the common shares acquired through the
program.
Ahold will provide updates on the progress of the program by means of weekly
press releases.
Ahold Press Office: +31 20 509 5291
Ahold Investor Relations: +31 20 509 5216
Cautionary notice
Certain statements in this press release are forward-looking statements. These
statements include, but are not limited to, plans for a share buyback, the
methods and timing thereof and Ahold's expectations of an adequate authority
from Ahold's Annual General Meeting of Shareholders and meeting the applicable
timing and price restrictions. These forward-looking statements are subject to
risks, uncertainties and other factors that could cause actual results to differ
materially from the future results expressed or implied by the forward-looking
statements, including the market prices for Ahold's shares. Many of these risks
and uncertainties relate to factors that are beyond Ahold's ability to control
or estimate precisely. Many of these and other risk factors are detailed in
Ahold's publicly filed reports. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date of
this press release. Ahold does not undertake any obligation to publicly release
any revisions to these forward-looking statements to reflect events or
circumstances after the date of this press release, except as may be required by
applicable securities laws. Outside the Netherlands, Koninklijke Ahold N.V.,
being its registered name, presents itself under the name of "Royal Ahold" or
simply "Ahold".
[HUG#1400575]
Download press release in pdf: http://hugin.info/130711/R/1400575/355850.pdf
Unternehmensinformation / Kurzprofil:
Datum: 06.04.2010 - 07:58 Uhr
Sprache: Deutsch
News-ID 18562
Anzahl Zeichen: 0
contact information:
Town:
Amsterdam
Kategorie:
Business News
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