November 20, 2007 15:00 ET

Ahold completes EUR 1 billion share buyback program

AMSTERDAM, NETHERLANDS--(Marketwire - November 20, 2007) - Ahold today announced that it has completed its EUR 1 billion share buyback program launched on August 30, 2007. The total number of shares repurchased under the program was 96,427,207 common shares at an average price of EUR 10.3702.

The program was completed with the purchase of 3,117,909 common shares for a total consideration of EUR 30.4 million in the final purchase period which ran from November 19 until today, November 20, 2007.

Of the total shares bought back, 76,427,207 are in the process of being cancelled in accordance with resolutions adopted at Ahold's Annual General Meeting of Shareholders on May 3, 2007. The remaining 20 million shares bought back will be held by Ahold as treasury stock and used for employee share-based compensation.

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Contact Information

  • Ahold Press Office:
    +31 (0)20 509 5343