Zaandam, the Netherlands, 2017-Mar-07 — /EPR Retail News/ — 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.
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Ellen van Ginkel
Director External Communications
media.relations@aholddelhaize.com
+31 88 6595134
Source: Ahold Delhaize