Ahold Delhaize commences 2022 share buyback program
03 Gennaio 2022 - 8:00AM
Ahold Delhaize commences 2022 share buyback program
Zaandam, the Netherlands, January 3, 2022 – Ahold Delhaize today
commences the €1 billion share buyback program announced on
November 15, 2021 and expects to complete the program before the
end of 2022.
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 Leading
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 within the limits of relevant laws
and regulations, the existing authority granted at Ahold Delhaize’s
2021 annual general meeting of shareholders on April 14, 2021 and
the authority (if granted) by the annual general meeting on April
13, 2022.
The share buyback program is executed in one or several
tranches. For each of them, an intermediary is mandated to execute
the purchase of the shares at his own discretions during open and
closed periods in compliance with the Market Abuse Regulation
(“MAR”) and within pre-defined execution parameters. Shares are
bought in the market and accumulated on the treasury share account
until cancellation. Pursuant to the relevant statutory provisions,
cancellation may not be effected earlier than two months after a
resolution to cancel shares is adopted and publicly announced.
Ahold Delhaize is committed to the share buyback program, but
management will continue to monitor macroeconomic developments
caused by COVID-19. The program is also subject to changes in
corporate activities, such as material M&A activity.
Ahold Delhaize will provide regular updates on the progress of
the program by means of press releases.
Cautionary notice
This communication includes forward-looking statements. All
statements other than statements of historical facts may be
forward-looking statements. Words such as commences, expects,
before, the end of, 2022, maintaining, growth, support, strategy
reduce, will, if granted, pre-defined, may, until, after,
committed, continue subject to 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.
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