Tuesday, June 29, 1999
Royal Ahold, the international food retailer, today announced the conversion rate of its 3% subordinated convertible notes 1998 per 2003 has been adjusted to NLG 63.32 or E 28,73. The rate was NLG 64.42 or E 29,23 per common share of NLG 0.50 par value.
The adjustment is a result of the election by certain holders of Royal Ahold's common shares to receive in common shares 2% of the 1998 final dividend or in cash NLG 0.60 per common share, which common shares have been charged to tax-free additional paid-in capital.