Ahold Delhaize is almost three quarters of the way through its €1 billion share buyback programme, as the retailer announced it has repurchased 1,623,027 of common shares in the period from August 14, 2017 up to and including August 18, 2017.
This means that the total number of shares repurchased under the programme to date is 38,728,551 common shares for a total consideration of €729 million.
Repurchase
The shares were repurchased at an average price of €16.82 per share for a total consideration of €27.3 million.
The repurchases were made as part of Ahold Delhaize’s share buyback programme announced last December, which is set to run until the end of the year.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Sign-up for a subscription to ESM: The European Supermarket Magazine.
