Zaandam, the Netherlands, May 9, 2018 - Ahold Delhaize today announces that it has agreed to extend its option agreement with Stichting Continuïteit Ahold Delhaize (SCAD) while making additional commitments to shareholders.
The option agreement between Ahold Delhaize and SCAD was set to expire on December 15, 2018 and can be extended by mutual consent of the contracting parties.
After actively engaging with its shareholders and other stakeholders in recent months, Ahold Delhaize decided to extend the current agreement for 15 years, effective December 15, 2018.
Building on shareholder feedback, Ahold Delhaize has agreed with SCAD on two additional commitments:
Ahold Delhaize believes that these commitments will provide increased transparency, predictability and interaction with shareholders in the event the option were to be exercised.