Zaandam, the Netherlands, 2014-3-4 — /EPR Retail News/ — Ahold has repurchased 3,784,727 Ahold common shares in the period from February 24, 2014 up to and including February 28, 2014.
The shares were repurchased at an average price of € 13.4862 per share for a total consideration of € 51.04 million. These repurchases were made as part of the € 500 million share buyback program announced on February 28, 2013 as increased by € 1.5 billion to a total amount of € 2 billion announced on June 4, 2013.
The total number of shares repurchased under this program to date is 87,976,400 common shares for a total consideration of € 1,118.13 million.
In view of the completion of the capital repayment and reverse stock split, Ahold will suspend its share buyback program as from March 7, 2014. The share buyback program will restart on Monday March 31, 2014.
During the share buyback program, Ahold publishes a press release every Monday with a weekly update. Click here to view all the relevant information of these these weekly updates. Separate weekly press releases are available upon request. Please send an email to firstname.lastname@example.org if you would like to receive one or more of these weekly releases.