20 Equity attributable to common shareholders continued
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Ahold
Annual Report 2011
Groupata glance
Performance
Governance
Notes to the consolidated financial statements continued
Investors
Common shares and additional paid-in capital
Changes in the number of common shares and the number of treasury shares were as follows:
Number of common
shares issued and
fully paid (x 1,000)
Balance as of January 1, 2012
1,100,888
Number of
treasury shares
(x 1,000)
41,083
Number of
common shares
outstanding (x 1,000)
Balance as of January 3, 2010
1,191,888
10,674
1,181,214
Share buyback
38,718
(38,718)
Share-based payments
(2,649)
2,649
Balance as of January 2, 2011
1,191,888
46,743
1,145,145
Share buyback
91,624
(91,624)
Cancellation of treasury shares
(91,000)
(91,000)
Share-based payments
(6,284)
6,284
1,059,805
Dividends on common shares
On April 20, 2011, the General Meeting of Shareholders approved the dividend over 2010 of €0.29 per common share (€328 million in the
aggregate). The dividend was paid on May 3, 2011. The Corporate Executive Board, with the approval of the Supervisory Board,
proposes that a dividend of €0.40 per common share be paid in 2012 with respect to 2011. This dividend is subject to approval by the
General Meeting of Shareholders and has not been included as a liability on the consolidated balance sheet as of January 1, 2012. The
payment of this dividend will not have income tax consequences for the Company.
Share buyback
During 2011 Ahold repurchased a total of 91,623,985 shares for a total amount of €837 million under two share buyback programs,
as follows:
On February 24, 2011, Ahold completed its €500 million share buyback program announced on March 4, 2010. The total number of
shares repurchased under the program over the period from April 6, 2010, through February 24, 2011, was 50,359,330 common shares
(2011: 11,641,727 and 2010: 38,717,603), for a total consideration of €500 million (2011: €114 million and 2010: €386), at an average
price of €9.93 (2011: €9.80 and 2010: €9.96).
Furthermore, on March 3, 2011, Ahold announced its decision to return €1 billion to its shareholders by way of a share buyback program
to be completed over an 18-month period (this was accelerated to a 12-month period as announced on August 25, 2011). Under this
program, 79,982,258 of the Company's own shares were repurchased and delivered in 2011Shares were repurchased at an average
price of €9.04 per share for a total amount of €723 million.
Of the total shares repurchased, 30,000,000 were cancelled on June 7, 2011, and 61,000,000 on December 23, 2011.
Share-based payments
Share-based payments recognized in equity in the amount of €31 million (2010: €44 million) relate to the 2011 GRO share-based
compensation expenses of €29 million (2010: €33 million), see Note 32, the stock options exercised of €5 million (2010: €4 million),
and the current and deferred income taxes recognized in and transferred from equity relating to share-based compensation of negative
€3 million (2010: €7 million), see Note 10.
