Tuesday, October 05, 1999
Royal Ahold, the international food retailer, today announced the adjustment of the conversion price of its 3% convertible subordinated notes due 2003 to NLG 62.78 or $ 28.49 from NLG 63.32 or $ 28.73 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 their 1999 interim dividend in the form of common shares rather than $ 0.14 per common share in cash.