BRUSSELS, Belgium, Jan. 13, 2016 (GLOBE NEWSWIRE) -- On 11 January 2016, holders of the two tranches of Delhaize Group's Euro denominated bonds were invited to respective general meetings to approve the change of issuer and to consent to various technical amendments in relation to the legal structure following the intended merger with Koninklijke Ahold N.V.
The proposed resolutions were duly passed with a 95.71% majority at the meeting held for the 3.125% bonds due 27 February 2020.
In the absence of quorum at the meeting held for the 4.25% Bonds due 19 October 2018, the bondholders' meeting has been adjourned to 5 February 2016 at 2 p.m. (Brussels time) with the same agenda and proposed resolutions as set out in the convening notice to the initial bondholders' meeting.
Further details on the consent solicitation and related matters are included in the Participation Solicitation Memoranda prepared and made available by Delhaize Group on its website.
Delhaize Group is a Belgian international food retailer present in seven countries on three continents. At the end of the third quarter of 2015, Delhaize Group's sales network consisted of 3 465 stores. In 2014, Delhaize Group posted €21.4 billion ($28.4 billion) in revenues and €89 million ($118 million) in net profit (Group share). At the end of 2014, Delhaize Group employed approximately 150 000 people. Delhaize Group's stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).
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