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Ahold Delhaize Announces Further Share Buyback

Published on Jun 6 2017 9:12 AM in Retail tagged: Trending Posts / Netherlands / Ahold Delhaize / Share Buyback

Ahold Delhaize Announces Further Share Buyback

Ahold Delhaize is now £429 million into a planned €1 billion share buyback programme, with the announcement that it has made another share repurchase.

The retailer repurchased 936,555 of Ahold Delhaize common shares in the period from May 29, 2017 up to and including June 2, 2017, it said in a statement.

Share Repurchase

‘The shares were repurchased at an average price of €19.71 per share for a total consideration of €18.5 million,’ it said.

The total number of shares so far repurchased under the share buyback programme, which was announced last December, is 21,629,556 common shares, amounting to a total consideration of €429 million.

© 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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