Ahold completes ? 500 mln share buyback
(Thomson Reuters ONE) -
Amsterdam, the Netherlands, February 25, 2011 - Ahold today announced that it
has completed its ? 500 million share buyback program announced on March
4, 2010. The total number of shares repurchased under the program was
50,359,330 common shares, for a total consideration of ? 500 million, at an
average price of ? 9,929.
The program was completed yesterday with 892,619 common shares purchased for a
total consideration of ? 8.8 million in the period from February 21, 2011, up to
and including February 24, 2011.
In accordance with resolutions adopted at Ahold's 2010 General Meeting of
Shareholders, 30 million of the shares bought back are in the process of being
cancelled. The remaining 20,359,330 of the shares bought back will be held by
Ahold as treasury shares and are intended to be used for employee share-based
compensation in future years.
Ahold Press Office: +31 20 509 5343
Ahold Investor Relations: +31 20 509 5216
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ahold via Thomson Reuters ONE
[HUG#1492255]
Unternehmensinformation / Kurzprofil:
Datum: 25.02.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 51907
Anzahl Zeichen: 1598
contact information:
Town:
Amsterdam
Kategorie:
Business News
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