Ahold Sets Date for Reverse Stock Split

Ahold yesterday said it would execute a four-for-five reverse stock split after trading markets close Aug. 22.

AMSTERDAM — Ahold here yesterday said it would execute a four-for-five reverse stock split after trading markets close Aug. 22. Under terms of the split, which was approved during Ahold’s annual meeting in June, every five existing stock shares with a nominal value of 0.24 euro will be consolidated into four new shares with a value of 0.30 euro each. A capital repayment also agreed in June of 1.89 euros per existing share (around $2.56) would be made on Aug. 28, the retailer added.

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