Ahold Delhaize commences €1 billion share buyback program
09 Enero 2017 - 1:00AM
Zaandam, the
Netherlands, January 9, 2017 - Ahold Delhaize today commences
the €1 billion share buyback program announced on December 7, 2016
and expects to complete the program before the end of 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 and the
existing authority granted at Ahold's 2016 annual general meeting
of shareholders on April 19, 2016 and of the authority (if granted)
by the annual general meeting on April 12, 2017.
Ahold Delhaize will provide regular
updates on the progress of the program by means of press
releases.
170109_Share
buyback_pressrelease
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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