Ahold commences ?1 billion share buyback program
(Thomson Reuters ONE) -
Amsterdam, the Netherlands, March 7, 2011 - Ahold today commenced the ? 1
billion share buyback program announced on March 3, 2011 and expected to be
finalized within 18 months. The purpose of the share buyback program is to
return value to shareholders. 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 limitations of the existing authority
granted at Ahold's 2010 annual General Meeting of Shareholders and, if granted,
the authority proposed to shareholders at Ahold's 2011 annual General Meeting of
Shareholders on April 20, 2011.
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 5343
Ahold Investor Relations: +31 20 509 5213
Forward-looking statements notice
Certain statements in this press release are forward-looking statements. These
statements include, but are not limited to, the execution and duration of the
share buyback program and the use of treasury shares, for employee share-based
compensation and are subject to risks, uncertainties and other factors that
could cause actual results to differ materially from the future results
expressed or implied by these forward-looking statements. Many of these risks
and uncertainties relate to factors that are beyond Ahold's ability to control
or estimate precisely, as mostly detailed in Ahold's public filings and other
disclosures. 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 laws. Outside the
Netherlands, Koninklijke Ahold N.V., being its registered name, also presents
itself under the name of "Royal Ahold" or "Ahold".
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#1494901]
Unternehmensinformation / Kurzprofil:
Datum: 07.03.2011 - 08:48 Uhr
Sprache: Deutsch
News-ID 52183
Anzahl Zeichen: 2957
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"Ahold commences ?1 billion share buyback program"
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