Zaandam, The Netherlands, October 11, 2000 – Royal Ahold, the international food provider, announces that subscription to a maximum of 116,000,000 certificates of cumulative preferred financing shares (‘prefs’) starts today at an issue price of Euro 3.50 per pref.
Transfer of the prefs is subject to restrictions. They will not be listed on any equity exchange. Certification also limits voting rights on the prefs.
Ahold will use the proceeds of the offering, anticipated at approximately Euro 400 million, for general corporate purposes in The Netherlands.
The subscription period runs through October 17, 2000, at 3:00 p.m. (Central European Time). Both private and institutional investors can subscribe to the offering. The minimum subscription has been set at 15,000 prefs. The conditions of this offering can be found in the prospectus, issued today and available through lead manager Kempen & Co in Amsterdam, The Netherlands.