1988
Beginning of fiscal year 18>788 17 500
Exclusion from consolidation (real estate companies) - (17,500)
Third-party stockholders in consolidated subsidiaries (3,227) 18,788
End of fiscal year 15)561 18 788
This item mainly represents the 14.34% third-party stockholding in FNS. Ahold is committed to
acquiring the remaining FNS shares through 1992, at prices determined based on future performance of
FNS.
Stockholders' equity The authorized capital amounts to Dfl 300 million and is divided as follows:
30,000,000 common shares, at Dfl 5 par value 150 000
150,000 preferred shares, at Dfl 1,000 par value 150,000
Issued and outstanding as follows:
Common stock 198g jg88
Beginning of fiscal year 103,208 103,071
Shares issued 10 403
Shares issued as optional stock dividend 3 036
Exercise of option rights 819 137
End of fiscal year 117,466 103,208
Preferred stock
Beginning of fiscal year
Shares issued
Still to be paid in
Paid in
1989 1988
100 100
107,130
107,230 100
80,422 75
26,808 25
The preferred stock issued and outstanding is held by the Stichting Ahold Continuïteit.
In accordance with Article 35, subsection 4 of the Articles of Incorporation, the holders of preferred
stock are entitled to a primary dividend of 10.58% (1988: 6.44%). No other preferences are attached to
these shares.
On March 7, 1989, the Stichting Ahold Continuïteit was given an option to acquire maximally 149,900
preferred shares in Ahold's authorized capital. On August 28, 1989, the Stichting partially exercised its
option right, acquiring 107,130 preferred shares each of Dfl 1,000 par value, 25% paid in.
Stichting Ahold Continuïteit is an entity operating independently from the Company, in accordance
with the provisions laid down in appendix X of the Rules Relating to Securities.
Third parties jggg
300,000
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