The purpose of the share buyback programme is to return value to shareholders. The programme will be executed by intermediaries allowing the execution of share repurchases in the open market during open and closed periods.
The programme will be executed within the limitations of the existing authority granted at Ahold’s 2010 annual General Meeting of Shareholders and, if granted, the authority proposed to shareholders at Ahold’s 2011 annual General Meeting of Shareholders on 20 April 2011.
Ahold may cancel all or part of the common shares acquired through the programme. Ahold will provide updates on the progress of the programme by means of weekly press releases.
Source: Ahold
© FoodBev Media Ltd 2024