Ahold announces the payment amount per share and reverse split ratio
March 14 2014 - 3:00AM
Zaandam, the Netherlands -
Ahold today announced the amount per share and reverse stock split
ratio.
On March 27, 2014 after close of New York Stock
Exchange trading hours, the reverse stock split will take place by
way of a consolidation of every 13 existing shares with a nominal
value of €0.30 each, into 12 new shares with a nominal value of
€0.01 each against payment of €1.14 per remaining share.
Provided that no objection to the capital
repayment has been filed, the date for the capital repayment of
€1.14 per remaining share will be April 3, 2014.
For shareholders holding shares through Euroclear
Nederland the record date for the capital repayment has been fixed
at the close of trading hours on Euronext Amsterdam on April 1,
2014. The ex-date on Euronext Amsterdam will be March 28, 2014.
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 American Depositary Receipts
(ADRs) will be paid in U.S. dollars and must hold their ADRs after
close of trading in the United States on March 31, 2014.
Barring unforeseen circumstances, the timetable
for the capital repayment and reverse stock split is therefore as
follows:
March 28,
2014
ex-date
April 1,
2014
record date for the capital repayment
April 3,
2014
payment date
If the number of shares held by any one
shareholder is not exactly divisible by 12, banks and brokers will
round positions up or down, depending on the particular contractual
arrangements between the bank or broker and the shareholder.
Enquiries:
-
Ahold Investor Relations, tel. +31 88 659
5213
-
ABN AMRO Corporate Broking, tel. +31 20 344
2000
Ahold payment share / reverse split
ratio
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 via Globenewswire
HUG#1768751
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