Koninklijke Ahold Delhaize N.V. · EURONEXT:AD
Koninklijke Ahold Delhaize — Koninklijke Ahold — Shareholder Meeting (January 2014)
14 slides from Koninklijke Ahold Delhaize's shareholder meeting presentation, Jan 21, 2014
Slide 1: Extraordinary General Meeting of Shareholders of Koninklijke Ahold N.V.
Extraordinary General Meeting of Shareholders of Koninklijke Ahold N.V. January 21, 2014
Slide 2: Agenda item 1
Agenda item 1 • Opening 2 Zaandam, January 21, 2014
Slide 3: Agenda item 2
Agenda item 2 • 2. a. Amendment of the Articles of Association, among other things, to increase the nominal value of the common shares • 2. b. Amendment of the Articles of Association, among other things, to consolidate the common shares • 2. c. Amendment of the Articles of Association, among other
Slide 4: Jeff Carr, CFO
Jeff Carr CFO January 21, 2014
Slide 5: Capital repayment and reverse stock split
Capital repayment and reverse stock split • We are committed to our financial guidelines of leverage, liquidity and credit rating • Allocation of excess cash: maintain a balance between investing in profitable growth and returning cash to our shareholders • In addition to the current €2 billion shar
Slide 6: Overview of the process
Overview of the process • Capital repayment and reverse stock split: • Nominal value of common shares is increased, to allow for the capital repayment • Reverse stock split consolidates shares in a ratio equal to the capital repayment divided by market capitalization • Capital repayment is paid out
Slide 7: How it works
How it works Example for clarification purposes only Current Agenda item 2a • Agenda item 2a • Example is based on: 1 billion outstanding common shares Share premium Share premium Illustrative share price of €12 reserve reserve = Share consolidation ratio of 12 to 11 • Nominal capital is increas
Slide 8: How it works
How it works Example for clarification purposes only Agenda item 2a Agenda item 2b • Agenda item 2b Reverse stock split • Reverse stock split based on consolidation ratio (consolidation) (based on the number of outstanding shares and Share premium Share premium share price at the final details date,
Slide 9: How it works
How it works Example for clarification purposes only Agenda item 2b Agenda item 2c • Agenda item 2c Reverse stock split • Cash repayment of €1.09 per share (post split) (consolidation) or 11 x €1.09 = €12 in total Share premium Share premium reserve reserve • Nominal capital per share is reduced fro
Slide 10: An example
An example: Current holding Reverse stock split Capital repayment (11 for 12) 12 shares @ €12.00 11 shares @ €12.00 11 shares @ €1.09 total market cap total market cap Share value Cash value 1 billion shares €132916 million shares €12 @ €12.00 = @ € 12.00 = €12 Total billion value € 11 billion Total
Slide 11: Cautionary notice
Cautionary notice • This presentation includes forward-looking statements, which do not refer to historical facts but refer to expectations based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events
Slide 12: Agenda item 2
Agenda item 2 • 2. a. Amendment of the Articles of Association, among other things, to increase the nominal value of the common shares • 2. b. Amendment of the Articles of Association, among other things, to consolidate the common shares • 2. c. Amendment of the Articles of Association, among other
Slide 13: Agenda item 3
Agenda item 3 • Closing 13 Zaandam, January 21, 2014
Slide 14: Thank you
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