Retailer Ahold Delhaize has repurchased 1,112,266 of common shares in the period between 6 and 10 March, as part of the €1 billion share buyback programme originally announced on 7 December of last year..
The shares were bought back at an average price per share of €20.35 for a total consideration of €22.6 million.
To date, the total number of repurchased shares equal 11,093,542, at a value of €222.6 million.
The programme will enable Ahold Delhaize to maintain ‘a balanced approach between funding growth in key channels and [return] excess liquidity to shareholders’, part of the group’s Better Together strategy
The purpose of the share buyback programme is to reduce the capital of Ahold Delhaize, by canceling all or part of the common shares acquired through the programme.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Karen Henderson. Click subscribe to sign up to ESM: The European Supermarket Magazine.
