Ahold announces details of the €1 billion capital repayment and reverse stock split

Zaandam, the Netherlands - Ahold today provided further details on the €1 billion capital repayment and reverse stock split, prior to completion of the intended merger with Delhaize Group. 

 

The capital repayment, announced on June 24, 2015, was approved by Ahold's shareholders on March 14, 2016. Ahold and Delhaize Group continue to expect the merger to complete before the end of July, subject to regulatory clearance of the merger by the United States Federal Trade Commission.

 

The capital repayment and reverse stock split are expected to take place after close of New York Stock Exchange trading hours on July 15, 2016 by way of a consolidation of every 17 issued Ahold common shares into 16 common shares and a capital repayment of €1.29 per remaining share (equivalent to about €1.21 per old share).

 

For shareholders holding shares through Euroclear Nederland, the ex-date on Euronext Amsterdam will be July 18, 2016. For holders of American Depositary Receipts (ADRs) the ex-date will be July 15, 2016. The record date for the capital repayment has been fixed at the close of trading hours on July 19, 2016. Shareholders holding their shares with a bank or broker will be informed by their respective bank or broker. Shareholders registered in the register of Ahold will be informed by Ahold about the administrative process. Holders of ADRs will be paid in U.S. dollars.

 

The expected timetable for the capital repayment and reverse stock split is as follows:

 

July 15, 2016: ex-date ADRs

July 18, 2016: ex-date common shares

July 19, 2016: record date for the capital repayment 

July 21, 2016: payment date

 

If the number of common shares or ADRs held by any one holder is not exactly divisible by 17, banks and brokers will round positions up or down, depending on the particular contractual arrangements between the bank or broker and the shareholder.

 

On June 24, 2015, Ahold and Delhaize announced their intention to merge, creating an international retailer with more than 6,500 stores. The combined company, Ahold Delhaize, will bring together a portfolio of strong, trusted local brands with more than 375,000 associates serving more than 50 million customers each week in the United States and Europe. 

 

 

 

Ahold Investor Relations: +31 88 659 5213

 

Ahold Media Relations: +31 88 659 5134

 

ABN AMRO Corporate Broking: +31 20 344 2000 (questions related to common shares)

 

Deutsche Bank (questions related to ADRs): 

• United States:+1 866 249 2593 
• Outside the United States: +1 718 921 8137 

 

Or visit www.ahold.com, www.delhaizegroup.com or www.adcombined.com.