Amsterdam, the Netherlands, February 25, 2011 - Ahold today announced that it has completed its € 500 million share buyback program announced on March 4, 2010. The total number of shares repurchased under the program was 50,359,330 common shares, for a total consideration of € 500 million, at an average price of € 9,929.
The program was completed yesterday with 892,619 common shares purchased for a total consideration of € 8.8 million in the period from February 21, 2011, up to and including February 24, 2011.
In accordance with resolutions adopted at Ahold's 2010 General Meeting of Shareholders, 30 million of the shares bought back are in the process of being cancelled. The remaining 20,359,330 of the shares bought back will be held by Ahold as treasury shares and are intended to be used for employee share-based compensation in future years.
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