Subsequent events
Financial statements - Other information
Conversion cumulative preferred financing shares
On January 2, 2007, 100,802,061 cumulative preferred
financing shares with a par value of EUR 169 million were
converted into 22,419,051 common shares, which
conversion was effected by (i) conversion of 22,419,051
cumulative preferred financing shares into 22,419,051
common shares; and (ii) the acquisition for no consideration
of 78,383,010 cumulative preferred financing shares
by Ahold.
Share buyback program
In the first quarter of 2007, Ahold decided to increase the
amount it will return to shareholders from EUR 2 billion (as
announced on November 6, 2006) to EUR 3 billion, subject
to the divestment of U.S. Foodservice. This will be executed
through a share buyback program.
ICA tax audit
ICA's finance company is being audited by the Swedish
tax authorities. ICA and the Swedish tax authorities recently
began the correspondence.
Ahold Annual Report 2006 137
