Ahold Delhaize continues its €1 billion share buyback program announced on December 7, 2016
06 Marzo 2017 - 12:59AM
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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