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Ahold Delhaize Announces Further Share Buyback

Published on Apr 11 2017 10:45 AM in Retail tagged: Trending Posts / Netherlands / Ahold Delhaize / Share Buyback

Ahold Delhaize Announces Further Share Buyback

Ahold Delhaize is now around 30% of the way towards completing its planned €1 billion share buyback, following the announcement that it repurchased 868,525 of Ahold Delhaize common shares in the period from April 3, 2017 up to and including April 7, 2017.

This brings the total number of shares repurchased by the retailer under this programme to date to 15,140,701 common shares, and a total consideration of €303.4 million.

The shares were repurchased at an average price of €19.61 per share for a total consideration of € 17.0 million, the company said in a statement.

The repurchases were made as part of a €1 billion share buyback programme announced in December of last year.

Information on the process can be found on the Ahold Delhaize website.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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