Update On Ahold Delhaize Share Buyback: March 26, 2024

Stay updated on Ahold Delhaize's latest share buyback progress as of March 26, 2024. Keep track of the company's strategic ,


3/27/20241 min read

Update On Ahold Delhaize
Update On Ahold Delhaize

Update On Ahold Delhaize: In a recent development, Ahold Delhaize, headquartered in Zaandam, The Netherlands, disclosed that it has bought back 255,145 shares of its common stock. 

Shares were acquired at a price of €27.18 per share for the period March 18 to March 22, 2024, for total consideration of €6.9 million This repurchase program is an execution of the company’s share repurchase policy previously announced of €1 billion specified in the 8 of the sector February 2023 .

This buyback program aims to increase shareholder value, and optimize the company’s capital structure by returning excess cash to shareholders. 

Ahold Delhaize is actively pursuing this strategy to improve its financial stability and express confidence in its future performance. 

The decision to repurchase shares reflects management’s confidence in the long-term growth of the company and its commitment to deliver value to shareholders

With the most recent repurchase, the total number of shares repurchased by Ahold Delhaize under this program is now 7,896,439 common shares, representing an aggregate cost of €211.5 million This confirms the company’s commitment to emphasize efficiency and capital allocation strategy while maintaining fiscal discipline.

Investors and participants interested in receiving detailed information regarding share repurchases can obtain detailed individual contact details through the company's official website. 

A downloadable Excel sheet with relevant contact information is available at the indicated link: https://www.aholddelhaize.com/en/investors/share-buyback-programs/2024/.

It should be noted that this press release serves the purpose of fulfilling Ahold Delhaize's disclosure and reporting obligations in accordance with Article 2(2) of the Technical Standards for Systems for Repurchase of Goods to buy no more tells him. 

By adhering to legal requirements and being transparent in its operations, Ahold Delhaize reaffirms its commitment to maintaining corporate governance standards and building trust between investors and regulators alike.

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