Ahold Delhaize Announces Further Share Buyback
Ahold Delhaize has announced a further share buyback, as part of its proposal to buy back €1 billion worth of shares.
It reported the repurchase of 1,093,240 of Ahold Delhaize common shares in the period from May 22, 2017 up to and including May 26, 2017.
The shares were repurchased at an average price of €19.96 per share for a total consideration of €21.8 million.
The total number of shares repurchased under this program to date is 20,693,001 common shares for a total consideration of €410.5 million, the retailer said.
These repurchases were made as part of the €1 billion share buyback program announced on December 7, 2016.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O’Sullivan. Click subscribe to sign up to ESM: The European Supermarket Magazine.