Zaandam, the Netherlands - Ahold today announced that its reverse stock split became effective after close of New York Stock Exchange trading hours on March 27, 2014.

The reverse stock split consisted of a consolidation of every 13 existing shares, with a nominal value of ?0.30 each, into 12 new shares, with a nominal value of ? 0.01 each. Trading in new shares with the new nominal value will commence on March 28, 2014.

Ahold received confirmation that no objection has been filed against the capital repayment in connection with the reverse stock split. The payment date for the capital repayment of ? 1.14 per remaining share will be April 3, 2014.

For shareholders holding shares through Euroclear Nederland, the record date will be at the close of trading hours of Euronext Amsterdam on April 1, 2014. As communicated in the press release of March 14, 2014, the ex-date on Euronext Amsterdam is today. Shareholders holding their shares with a bank or broker will be informed by their respective bank or broker. Shareholders registered in Ahold's register will be informed by Ahold about the administrative process. Holders of American Depositary Receipts (ADRs) will be paid in U.S. dollars and must hold their ADRs after close of trading in the United States on March 31, 2014.

If the number of shares held by any one shareholder is not exactly divisible by 13 before consolidation, banks and brokers will round the positions up or down, depending on the particular contractual arrangements between the bank or broker and the shareholder.

Finally, Ahold hereby confirms that it will commence the remaining portion of its ?2bn share buyback program, of which a total number of 91,942,400 common shares have been repurchased, up to and including March 7, 2014, for a total consideration of ?1,172.89 million. The share buyback program will restart on March 31, 2014, and is expected to be completed by the end of 2014. 

Enquiries:

  • Ahold Investor Relations, tel. +31 88 659 5213
  • ABN AMRO Corporate Broking, tel. +31 20 344 2000
Ahold completes reverse stock split:
http://hugin.info/130711/R/1772272/603719.pdf



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Source: Ahold via Globenewswire

HUG#1772272