Ahold Delhaize successfully completes merger, forming one of the world's largest food retail groups
July 25 2016 - 12:44AM
- New company is a leader in supermarkets and
e-commerce - 22 market-leading local brands with 6,500 stores in 11
countries
- Begins new chapter with significant integration
momentum
- Starts trading today on Euronext Amsterdam and
Brussels under ticker symbol AD
- On August 25, company to publish Second Quarter
and First Half 2016 results for Ahold and Delhaize on a standalone
basis
- Unveils new logo and visual identity; see company
video on www.aholddelhaize.com
Zaandam, the Netherlands, July
25, 2016 - Ahold Delhaize today will officially start trading
on Euronext Amsterdam and Euronext Brussels following the
successful completion of its merger on July 23. Ahold Delhaize
moves forward as one of the world's largest food retail groups, a
leader in supermarkets and e-commerce, and a company at the
forefront of sustainable retailing.
Ahold Delhaize CEO Dick Boer said: "Today is the
start of an important new chapter and a unique opportunity to
deliver even more for customers and communities, associates and
shareholders. Building on common values, complementary operations
and proud legacies of success, we move forward with leading
positions particularly on the United States East Coast and in
Europe. Our strong e-commerce businesses and 22 great, local brands
each share a passion for delivering great food, value, and
innovation for customers, and for making a difference in their
local communities.
"I want to thank associates for their dedication
and focus and for the great work that has positioned Ahold Delhaize
to move ahead with significant momentum."
Ahold Delhaize was created from the merger of
Ahold and Delhaize Group, which was announced on June 24, 2015, and
became effective on July 24, 2016. The combined company traces its
roots back nearly 150 years. Ahold Delhaize's 22 local brands serve
more than 50 million customers each week in 11 countries and have a
combined workforce of more than 375,000 associates.
Listing information
At 9:00 am CET today, Ahold Delhaize CEO Dick Boer
will be joined by associates from some of Ahold Delhaize's local
brands to sound the gong to open trading at Euronext Amsterdam.
This will also mark the start of public trading for shares of Ahold
Delhaize on Euronext Amsterdam and Euronext Brussels under the
ticker symbol AD.
Ahold Delhaize American Depositary Receipts (ADRs)
will trade over-the-counter in the United States and will be quoted
on the OTCQX International marketplace under the ticker symbol
ADRND, changing to ADRNY as of August 9.
Reporting and reporting segments
On August 25, Ahold Delhaize will present the
second quarter and first half 2016 results of Ahold and Delhaize
Group as standalone companies as the merger was completed after the
end of their respective reporting periods.
The first combined results of the combination will
be presented for the third quarter of 2016 on November 17.
Pro-forma historical quarterly segment data will be published on
October 6, providing a comparable base. Starting from the
third quarter of 2016, Ahold Delhaize will report quarterly
financial performance of five business segments: the
Netherlands, Belgium, Central
and Southeastern Europe and two reporting entities
in the United States. The Global Support Office will remain a
reporting entity, including corporate and related costs.
Introduction of new visual identity
To mark the start of the new company, Ahold
Delhaize today introduced its new visual identity. The company's
fresh, new logo and visual identity honors its proud heritage while
also reflecting the combined company's new future. Details can be
found on the company's new website at www.aholddelhaize.com, and in
the attached file.
160725_AholdDelhaize PR
160725_AholdDelhaize Photo
160725_AholdDelhaize Factsheet
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ahold Delhaize via Globenewswire
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