Ahold Delhaize share buyback update, program to recommence shortly after closed period

Rhea-AI Summary

Ahold Delhaize has repurchased 593,977 common shares between October 4 and October 8, 2021, at an average price of €29.09 per share, totaling €17.3 million. This action is part of its €1 billion share buyback program initiated on November 4, 2020. To date, the company has repurchased 29,565,599 shares for €725 million. The program is set to resume shortly after the current closed period concludes, reinforcing the company’s commitment to enhancing shareholder value.

Positive

• Completed share repurchase of 593,977 shares, reinforcing shareholder value.
• Total shares repurchased under the program reached 29,565,599, boosting investor confidence.

Negative

• None.

Zaandam, the Netherlands, October 12, 2021 – Ahold Delhaize has repurchased 593,977 of Ahold Delhaize common shares in the period from October 4, 2021 up to and including October 8, 2021. The shares were repurchased at an average price of €29.09 per share for a total consideration of €17.3 million. These repurchases were made as part of the €1 billion share buyback program announced on November 4, 2020.

The total number of shares repurchased under this program to date is 29,565,599 common shares for a total consideration of € 725 million.

Download the share buyback transactions excel sheet for detailed individual transaction information from https://www.aholddelhaize.com/en/investors/share-buyback-programs/2021/

Execution of the program is planned to recommence shortly after the end of the closed period which commenced this week.

This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(2) of the EU Regulation that contains technical standards for buyback programs.

This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as recommence, shortly after, planned, the end of 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 recent share buyback amount for Ahold Delhaize (ADRNY)?

Ahold Delhaize repurchased 593,977 common shares for a total of €17.3 million.

How many shares has Ahold Delhaize repurchased under the buyback program to date?

To date, Ahold Delhaize has repurchased 29,565,599 common shares under its buyback program.

When will Ahold Delhaize's share buyback program recommence?

The share buyback program is planned to recommence shortly after the end of the current closed period.

What was the average price per share during the recent buyback by Ahold Delhaize?

The average price per share during the recent buyback was €29.09.