Ahold Delhaize continues its ?1 billion share buyback program announced on December 7, 2016
(Thomson Reuters ONE) -
Zaandam, the Netherlands, March 6, 2017 - Ahold Delhaize continues its ?1
billion share buyback program announced on December 7, 2016. On January 9, 2017
Ahold Delhaize announced the commencement of a ?1 billion share buyback program,
which it expects to complete before the end of 2017. Ahold Delhaize will
continue the brokerage led buyback program with one material change. The
intermediary executing the buyback program has guaranteed that the final price
per share will be the arithmetic average of the daily volume weighted average
prices (VWAP) over the period of acquisition of the shares less an agreed
discount. The intermediary may in connection therewith enter into transactions
to hedge its exposure under the share buyback agreement. Ahold Delhaize will
continue to provide regular updates on the progress of the program with respect
to the brokerage led part of the mandate by means of press releases.
Cautionary notice
This communication includes forward-looking statements. All statements other
than statements of historical facts may be forward-looking statements. Words
such as continues, expects and will or other similar words or expressions are
typically used to identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors
that are difficult to predict and that may cause actual results of Koninklijke
Ahold Delhaize N.V. (the "Company") to differ materially from future
results expressed or implied by such forward-looking statements. Such factors
include, but are not limited to the risk factors set forth in the Company's
public filings with the U.S. Securities and Exchange Commission and other
disclosures. Forward-looking statements reflect the current views of the
Company's management and assumptions based on information currently available to
the Company's management. Forward-looking statements speak only as of the date
they are made, and the Company does not assume any obligation to update
such statements, except as required by law.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahold Delhaize via GlobeNewswire
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