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34 Commitments and contingencies (continued)
35 Subsequent events
36 List of subsidiaries, joint ventures and associates
Our strategy Our performance j Governance
Financials
Investors
Ahold Annual Report 2013
Other legal proceedings
In addition to the legal proceedings described above, Ahold and its former or current subsidiaries are parties to a number of other legal proceedings arising out of their business operations.
Ahold believes that the ultimate resolution of these other proceedings will not, in the aggregate, have a material adverse effect on Ahold's financial position, results of operations or cash flows.
Such other legal proceedings, however, are subject to inherent uncertainties and the outcome of individual matters is unpredictable. It is possible that Ahold could be required to make
expenditures, in excess of established provisions, in amounts that cannot reasonably be estimated.
Capital repayment and reverse stock split
On November 14, 2013, Ahold announced a proposal to return €1 billion to shareholders through a capital repayment and reverse stock split. The proposal requires changes to Ahold's
Articles of Association needing shareholder approval and is also subject to a two-month creditor objection period. Shareholder approval was given in an Extraordinary General Meeting held
on January 212014.
The following are Ahold's significant subsidiaries, joint ventures and associates as of December 29, 2013:
Consolidated subsidiaries
Unless otherwise indicated, these are, directly or indirectly, wholly or virtually wholly-owned subsidiaries. Subsidiaries not important to providing an insight into the Ahold group as required
under Dutch law are omitted from this list. With respect to the separate financial statements of the Dutch legal entities included in the consolidation, the Company availed itself of the exemption
laid down in section 403, subsection 1 of Book 2 of the Dutch Civil Code. Pursuant to said section 403, Ahold has assumed joint and several liabilities for the debts arising out of the legal acts
of a number of subsidiaries in the Netherlands, which form part of the consolidation. The names of the subsidiaries for which Ahold has issued 403 declarations are open for inspection at the
trade register as managed by the Netherlands Chamber of Commerce.
