Today: October 21, 2018, 9:15 pm
  
Business

Ahold Delhaize commences €2 billion share buyback program

PR-Inside.com: 2018-01-02 08:17:01
Zaandam, the Netherlands, January 2, 2018 - Ahold Delhaize today commences the €2 billion share buyback program announced on November 8, 2017 and expects to complete the program before the end of 2018. The former €1 billion share buyback program was successfully completed on December 29, 2017.

Maintaining a balanced approach between funding growth in key channels and returning excess liquidity to shareholders is part of Ahold Delhaize's financial framework to support its Better Together strategy. The purpose of the program is to reduce the capital of Ahold Delhaize, by cancelling all or part of the common shares acquired through the program.

The program will be executed by intermediaries allowing the execution of share repurchases in the open market during open and closed periods. The program will be executed within the limits of relevant laws and regulations, the existing authority granted by Ahold Delhaize shareholders in their annual general meeting on April 12, 2017 and such authority to be granted in their annual general meeting on April 11, 2018.

Ahold Delhaize will provide regular updates on the progress of the program by means of press releases, which are also available at www.aholddelhaize.com/en/media/.
180102_Ahold Delhaize commences 2 € billion share buyback program



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ahold Delhaize via Globenewswire




# 335 Words
Related Articles
More From The Author
Atos announces the completion of the acquisition [..]
Paris, January 2, 2018 - Atos, a global leader in digital transformation, announces the completion of the acquisition of the [..]
Ahold Delhaize share buyback update
Zaandam, the Netherlands, January 2, 2018 - Ahold Delhaize has repurchased 577,666 of Ahold Delhaize common shares in the period [..]
Gofore Plc: Leadin Oy's absorption into Gofore [..]
GOFORE PLC PRESS RELEASE 1 JANUARY 2018 AT 12:00 EET  Leadin Oy's absorption into Gofore Plc completed In May 2017, [..]
 
More From Business
Integra Certified Document Destruction Achieves Certification
ELKHART, INDIANA, UNITED STATES - October 11th, 2018 - Integra Certified Document Destruction(“Integra”) is proud to announce [..]
11th Asian Downstream Summit: Digital Transformation Awards [..]
SINGAPORE, Oct 10, 2018 - (ACN Newswire) - Voting for Asian Downstream Summit: Digital Transformation Awards 2018 has opened. The [..]
Indonesian Minister of SOEs officially closes 2018 [..]
Surabaya, East Java, Indonesia, Oct 9, 2018 - (ACN Newswire) - Minister of State-Owned Enterprises (SOEs) of Republic of Indonesia [..]
Coordinating Minister: SOEs getting more consolidated and [..]
Surabaya, East Java, Indonesia, Oct 5, 2018 - (ACN Newswire) - Coordinating Minister for Economic Affairs of Republic of Indonesia [..]
How to Buy Quality Custom Umbrellas
Guangzhou, China – 03 October 2018 - Huifeng Umbrella Co., Ltd offers all kinds of high quality umbrellas, featuring exclusive [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.