Delhaize Group
NYSE : DEG
BRUX : DELB.BR

May 26, 2011 10:36 ET

Delhaize Group Shareholders Approve 2010 Dividend and Elect New Members to the Board of Directors

BRUSSELS, BELGIUM--(Marketwire - May 26, 2011) -



BRUSSELS, Belgium, May 26, 2011 - Delhaize Group (Euronext Brussels: DELB, NYSE: DEG), the Belgian international food retailer, announced today that during its Ordinary and Extraordinary General Meeting its shareholders have approved the annual accounts for fiscal year 2010 and the distribution of a EUR 1.72 gross dividend per share. After deduction of a 25% withholding tax, this results in a net dividend of EUR 1.29 per share.

The 2010 dividend will become payable to owners of ordinary shares against coupon no. 49. The Delhaize Group shares will start trading ex-coupon on June 1, 2011 (opening of the market). The record date (i.e. the date at which shareholders are entitled to the dividend) is June 3, 2011 (closing of the market) and the dividend will be payable as from June 6, 2011. The ADR dividend record date is June 3, 2011 and the payment of the dividend to Delhaize Group's ADR holders will be made through Citibank beginning on June 9, 2011.

During the General Meeting, Delhaize Group's President and Chief Executive Officer, Pierre-Olivier Beckers, confirmed the earlier-announced capital expenditures and network expansion guidance for the full year 2011.

The shareholders approved the renewal of the mandate of Mr. Hugh G. Farrington as director for a term of three years and of Mr. Jacques de Vaucleroy and Baron Vansteenkiste each as independent director for a term of four years. The shareholders approved the appointment of Mr. Jean-Pierre Hansen, Mr. William G. McEwan and Mr. Mats Jansson as independent directors for a term of three years.

The speeches and presentations, the minutes of the Meeting and the results of the votes will be made available on the Delhaize Group website (www.delhaizegroup.com) in the coming days.

" Delhaize Group

Delhaize Group is a Belgian international food retailer present in six countries on three continents. At the end of the first quarter of 2011, Delhaize Group's sales network consisted of 2 816 stores. In 2010, Delhaize Group posted EUR 20.8 billion (USD 27.6 billion) in revenues and EUR 574 million (USD 762 million) in net profit (Group share). At the end of 2010, Delhaize Group employed approximately 138 600 people. Delhaize Group's stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).

This press release is available in English, French and Dutch. You can also find it on the website www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.






Press release in pdf format: http://hugin.info/133961/R/1518785/455273.pdf




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Delhaize Group via Thomson Reuters ONE

[HUG#1518785]

Contact Information

  • Contacts

    Geert Verellen: + 32 2 412 83 62
    Saskia Dheedene: + 32 2 412 96 11
    Amy Shue (U.S. investors): +1 704 633 8250 (ext.2529)
    Steven Vandenbroeke (media): + 32 2 412 86 69