Ahold Delhaize recommences share buyback to complete its €1 billion program

Rhea-AI Summary

Ahold Delhaize has resumed its share buyback program, initially announced on October 12, 2021. The execution of this program begins today and aims for completion by year-end 2021. This strategic move is anticipated to enhance shareholder value by potentially increasing earnings per share (EPS). The company emphasizes that forward-looking statements made regarding this buyback are subject to risks and uncertainties.

Positive

• Resumption of share buyback program may enhance shareholder value.
• Expected completion of the buyback by year-end could positively impact EPS.

Negative

• None.

Zaandam, the Netherlands, November 18, 2021 – Ahold Delhaize announced on October 12, 2021 that it would recommence its share buyback program shortly after the end of the third quarter closed period. Execution of the program recommences today and is expected to be completed before year-end.

cautionary notice
This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as to complete, end of the third quarter, expected, before year-end or other similar words or expressions are typically used to identify forward-looking statements.

Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law.

FAQ

What is the share buyback amount for Ahold Delhaize in 2021?

The specific amount for the share buyback program has not been disclosed in the press release.

Why did Ahold Delhaize recommence its share buyback program?

Ahold Delhaize aims to enhance shareholder value through this buyback program.

When will Ahold Delhaize's share buyback program be completed?

The share buyback program is expected to be completed before the end of the year 2021.

How may the share buyback affect Ahold Delhaize's stock price?

The buyback may positively impact the stock price by increasing earnings per share and demonstrating confidence in the company's future.