Ahold Delhaize commences 2020 share buyback program
02 Januar 2020 - 8:02AM
Ahold Delhaize commences 2020 share buyback program
Zaandam, the Netherlands, January 2, 2020 – Ahold Delhaize
today commences the €1 billion share buyback program announced on
December 4, 2019 and expects to complete the program before
the end of 2020.
As indicated in our announcement on 4 December 2019, 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 Leading 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, the existing authority granted at
Ahold Delhaize’s 2019 annual general meeting of shareholders on
April 10, 2019 and the authority (if granted) by the annual general
meeting on April 8, 2020.
Ahold Delhaize will provide regular updates on the progress of
the program 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 expects, purpose, will, will be 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 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.
For more information:Press office: +31 88 659
5134 Investor relations: +31 88 659
5213 Social media: Twitter:
@AholdDelhaize
YouTube:
@AholdDelhaize
LinkedIn:
@Ahold-Delhaize
Ahold Delhaize is one of the world’s largest food retail groups
and a leader in both supermarkets and e-Commerce. Its family of
great, local brands serves more than 50 million customers each week
in Europe, the United States, and Indonesia. Together, these brands
employ more than 370,000 associates in more than 6,700 grocery and
specialty stores and include the top online retailer in the Benelux
and the leading online grocers in the Benelux and the United
States. Ahold Delhaize brands are at the forefront of sustainable
retailing, sourcing responsibly, supporting local communities and
helping customers make healthier choices. Headquartered in Zaandam,
the Netherlands, Ahold Delhaize is listed on the Euronext Amsterdam
and Brussels stock exchanges (ticker: AD) and its American
Depositary Receipts are traded on the over-the-counter market in
the U.S. and quoted on the OTCQX International marketplace (ticker:
ADRNY). For more information, please
visit www.aholddelhaize.com.
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