Ahold Delhaize recommences share buyback to complete its €1 billion program
Ahold Delhaize has resumed its share buyback program, initially announced on October 12, 2021.
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Rhea-AI Summary
Ahold Delhaize has resumed its share buyback program, initially announced on October 12, 2021. The execution of this program begins today and aims for completion by year-end 2021. This strategic move is anticipated to enhance shareholder value by potentially increasing earnings per share (EPS). The company emphasizes that forward-looking statements made regarding this buyback are subject to risks and uncertainties.
Positive
- Resumption of share buyback program may enhance shareholder value.
- Expected completion of the buyback by year-end could positively impact EPS.
Negative
- None.
Details
News Market Reaction – ADRNY
The recorded move for ADRNY in the trading session of this news was +1.75%.
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Zaandam, the Netherlands, November 18, 2021 – Ahold Delhaize announced on October 12, 2021 that it would recommence its share buyback program shortly after the end of the third quarter closed period. Execution of the program recommences today and is expected to be completed before year-end.
cautionary notice
This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as to complete, end of the third quarter, expected, before year-end or other similar words or expressions are typically used to identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law.
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