Dutch food retail and foodservice giant Ahold today [Thursday] announced the adjustment of the conversion price of its 3% convertible subordinated notes due 2003 and its 4% convertible subordinated notes due 2005.

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The adjustment is caused by Ahold’s 2001 final dividend payment.


The conversion price of the 3% convertible subordinated notes due 2003 was adjusted to €26.80 (US$25.32), down from €27.02 per common share of €0.25 par value.


The conversion price of the 4% convertible subordinated notes due 2005 was adjusted to €31.56, down from €31.82 per common share of €0.25 par value.

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