Royal Ahold (NYSE: AHO), the international food retail and foodservice company, yesterday announced the adjustment of the conversion price of its convertible subordinated notes.
The conversion price of the 3% convertible subordinated notes due 2003 is Euro 27.37, down from Euro 27.82 per common share of Euro 0.25 par value.
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The conversion price of the 4% convertible subordinated notes due 2005 is Euro 32.21, down from Euro 32.74 per common share of Euro 0.25 par value.
The adjustments are a result of the election of certain holders of Ahold’s common shares to receive their 2000 final dividend in the form of common shares in lieu of Euro 0.45 per common share in cash.
Royal Ahold
Royal Ahold is a rapidly-growing international food retail and foodservice company with sales in 2000 of Euro 52.5 billion (close to USD 50 billion). Ahold implements a multi-channel, multi-format strategy, serving consumers on four continents directly through food retail and indirectly through foodservice operations while offering various additional services such as internet-based home delivery. Ahold operates or services approximately 8,500 stores in the United States, Europe, Latin America and Asia, and has significant activities in the foodservice industry. The company employs more than 420,000 associates and serves the needs of over 35 million customers in 25 countries in its stores each week as well as over 200,000 institutional and foodservice accounts.
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By GlobalDataRoyal Ahold’s press release contains ‘forward-looking’ statements. Actual results may differ from such statements as they may have been influenced by factors beyond the Company’s ability to control, as more fully discussed in Royal Ahold’s Annual Report.
