o www.ahold.com/reports2009
Corporate governance - continued
Governance
In addition, local rules may apply to investors.
The following table lists the shareholders on record in the AFM register on March 3, 2010
that hold an interest of 5 percent or more in the share capital of the Company.
Shareholder Date of disclosure Capital interest2 Voting rights2
BlackRock, Inc.
December 1, 2009
0%
6.74%
Stichting Administratiekantoor Preferente
Financieringsaandelen Ahold1
January 3, 2008
18.38%
5.87%
ING Groep N.V.
April 8, 2008
9.26%
4.92%
DeltaFort Beleggingen B.V.
August 23, 2007
11.23%
3.82%
1. All of the outstanding cumulative preferred financing shares are held by SAPFAA, for which SAPFAA
issued corresponding depositary receipts to investors that filed under ING Groep N.V. and DeltaFort
Beleggingen B.V.
2. In accordance with the filing requirements the percentages shown include both direct and indirect capital
interests and voting rights and both real and potential capital interests and voting rights. Further details
can be found at www.afm.nl
For details on the number of outstanding shares, see Note 20 to the consolidated financial
statements included in this Annual Report. For details on capital structure, listings, share
performance, and dividend policy in relation to Ahold's common shares, see the "Investor
relations" section.
Articles of Association
Ahold's Articles of Association set forth certain aspects governing organization and
corporate governance. The current text of the Articles of Association is available at the
Trade Register of the Chamber of Commerce and Industry for Amsterdam and on Ahold's
public website (www.ahold.com).
The Articles of Association may be amended by the General Meeting of Shareholders.
A resolution to amend the Articles of Association may be adopted by an absolute majority
of the votes cast upon a proposal of the Corporate Executive Board. If another party
makes the proposal, an absolute majority of votes cast, representing at least one-third of
the issued share capital, is required. If this qualified majority is not achieved but a majority
of the votes is in favor of the proposal, then a second meeting may be held. In the second
meeting, only a majority of votes, regardless of the number of shares represented at
the meeting, is required. The prior approval of a meeting of holders of a particular class
of shares is required for a proposal to amend the Articles of Association that makes any
change in the rights that vest in the holders of shares of that particular class.
Auditor
The General Meeting of Shareholders appoints the external auditor. The Audit Committee
recommends to the Supervisory Board the external auditor to be proposed for
reappointment by the General Meeting of Shareholders. In addition, the Audit Committee
evaluates and, where appropriate, recommends the replacement of the external auditors.
On April 28, 2009, the General Meeting of Shareholders appointed Deloitte Accountants
B.V. as external auditor for the Company for the financial year 2009.
