Ahold Delhaize Issues Share Buyback Update
Ahold Delhaize has said that it has purchased a total of 1,066,619 of common shares in the business between 9 and 13 January, as part of a share buyback scheme announced in December.
‘The shares were repurchased at an average price of €19.5860 per share for a total consideration of € 20.9 million,’ the retailer said.
In December, as part of its Capital Markets Day, Ahold Delhaize announced a €1 billion share buyback programme, as part of a strategy to reduce the capital of Ahold Delhaize.
It will enable the retailer to maintain ‘a balanced approach between funding growth in key channels and [return] excess liquidity to shareholders’, according to a statement issued earlier this month.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.