Notes to the
consolidated
financial statements
continued
20 Equity attributable to common shareholders
19
Overview
Business review
Governance
Financials
Investors
Ahold Delhaize Annual Report 2016
(60,000)
1,281,293
Of the total shares repurchased, 60,000,000 were cancelled on July 7, 2015.
Shares and share capital
Authorized share capital comprises the following classes of shares:
Share buyback and capital repayment and reverse stock split
On February 26, 2015, the Company announced its decision to return €500 million to its shareholders by way of a share buyback program, to
be completed over a 12-month period. Under this program, 8,795,407 of the Company’s own shares were repurchased in the first half of 2015.
Shares were repurchased at an average price of €18.32 per share for a total amount of €161 million. As a result of the announcement that Ahold
intended to merge with Delhaize, the share buyback program was terminated in 2015.
In addition, Ahold Delhaize has cumulative preferred financing shares outstanding. These cumulative preferred financing shares are considered
debt under IFRS until the date that Ahold Delhaize receives irrevocable notification from a holder of cumulative preferred financing shares to
convert these shares into common shares. Upon this notification, the cumulative preferred financing shares are classified as a separate class of
equity since they no longer meet the definition of a liability. For disclosures regarding Ahold Delhaize’s cumulative preferred financing shares, see
Note 22.
Dividends on common shares
On April 19, 2016, the General Meeting of Shareholders approved the dividend over 2015 of €0.52 per common share (€429 million in the
aggregate). This dividend was paid on May 4, 2016. The Management Board, with the approval of the Supervisory Board, proposes that a dividend
of €0.57 per common share be paid in 2017 with respect to 2016. 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, 2017. The payment of this dividend will not have income tax
consequences for the Company.
Balance as of December 28, 2014
Share buyback
Cancellation of treasury shares
Share-based payments
Balance as of January 3, 2016
Reverse stock split
Issuance of shares
Share-based payments
Balance as of January 1, 2017
834,373
(49,081)
496,001
23
42
4,669
818,471
(48,507)
496,001
6,311
1,272,276
15
27
million
Common shares (2016: 1,921,000,000 of €0.01 par value each, and 2015: 1,171,000,000 of €0.01 par value each)
Cumulative preferred shares (2016: 2,250,000,000 of €0.01 par value each, and 2015: 30,000 of €500 par value
each)
Total authorized share capital
January 1,
2017
January 3,
2016
12
(6,311)
9,017
Number of common
shares outstanding
(x 1,000)
822,597
(8,795)
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)
894,373
Number of treasury
shares (x 1,000)
71,776
8,795
(60,000)
(4,669)
15,902
(574)
