AHOLD : completes ? 1 billion share buyback
03/19/2012| 02:35am US/Eastern
Amsterdam, the Netherlands, March 19, 2012 - Ahold today announced that it has completed its € 1 billion share buyback program announced on March 7, 2011. The total number of shares repurchased under the program was 106,814,343 common shares, for a total consideration of € 1,000,000,000, at an average price of € 9,3620.
The program was completed last week, when 1,444,921 common shares were purchased for a total consideration of € 15.02 million.
The shares bought back under the program are currently being held by Ahold as treasury shares and will be used for employee share-based compensation in future years or will be cancelled.
All weekly updates of this program can be found on this page: http://bit.ly/FQ6nO1:
Ahold Press Office: +31 88 659 5343
Ahold Investor Relations: +31 88 659 5213
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Certain statements in this press release are forward-looking statements. These statements include, but are not limited to, the use of treasury shares for employee share-based compensation and cancellation of shares and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by these forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Ahold's ability to control or estimate precisely, which factors are discussed in Ahold's public filings and other disclosures. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Ahold does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release, except as may be required by applicable laws. Outside the Netherlands, Koninklijke Ahold N.V., being its registered name, also presents itself under the name of "Royal Ahold" or "Ahold".
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Source: Ahold via Thomson Reuters ONE