Food Lion 2008 Annual Report Download - page 128
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Please find page 128 of the 2008 Food Lion annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.124 - Delhaize Group - Annual Report 2008
Shareholder
Information
Delhaize Group shares trade on Euronext
Brussels under the symbol DELB. American
Depositary Shares (ADS), each representing
one ordinary share of Delhaize Group, are
traded on the New York Stock Exchange
under the symbol DEG. ADSs are evidenced
by American Depositary Receipts (ADRs).
Information on Delhaize Group’s share price
can be found on the websites of Delhaize
Group (www.delhaizegroup.com), Euronext
Brussels (www.euronext.com) and the
New York Stock Exchange (www.nyse.com).
Detailed information on trading activity and
share prices can also be found in the financial
section of many newspapers.
Alfa-Beta, Delhaize Group’s operating
company in Greece, is listed on the Athens
Stock Exchange (www.ase.gr) under the
symbol BASIK.
Share Performance in 2008
On December 31, 2008, the closing price of
Delhaize Group’s ordinary share on Euronext
Brussels was EUR 44.20, a 26.6% decrease
compared to EUR 60.20 a year earlier. In
the same period, the Euro Stoxx 50 index
decreased by 44.3% and the Bel20 index by
53.8%. The FTSE Eurofirst 300 Food and Drug
Retailers Index decreased by 39.8% in 2008.
In 2008, Delhaize Group shares traded on
Euronext Brussels at an average closing price
of EUR 46.33 and an average daily trading
volume of 573 084 shares.
On December 31, 2008, the closing price of
Delhaize Group’s ADR on the New York Stock
Exchange was USD 62.90, 27.4% lower than
the closing price on December 31, 2007 (USD
86.60). In the same period, the S&P 500
index decreased 38.5%, and the S&P 500
Food and Staples Retailing Index by 12.0%.
In 2008, the average daily trading volume of
Delhaize Group ADRs was 35 149.
Equity Indices
On December 31, 2008, Delhaize Group’s
shares were included in the following major
stock indices: BEL20, Euronext 100, Dow
Jones Stoxx 600, the FTSE Eurofirst 300 and
the MSCI Europe index.
On December 31, 2008, the weight of Delhaize
Group shares in the BEL20 index was 724
shares. With a weight of 8.16%, Delhaize
Group shares represented the fourth largest
constituent in the index. Following a revision
of the weights in the index, the BEL20 index
includes 813 Delhaize Group shares as from
March 2, 2009. This has increased the weight
of Delhaize Group in the index to 8.9%.
On December 31, 2008, the weight of Delhaize
Group in the Euronext 100 index was 0.36%.
Delhaize Group represented the 63th largest
constituent in the index.
Dividend
It is the policy of Delhaize Group, when
possible, to pay out a regularly increasing
dividend while retaining free cash flow in an
amount consistent with the opportunities to
finance the future growth of the Company.
At the Ordinary General Meeting to be held
on May 28, 2009, the Board of Directors will
propose the payment of a gross dividend of
EUR 1.48 per share, compared to EUR 1.44
the previous year. After deduction of 25%
Belgian withholding tax, this will result in a
net dividend of EUR 1.11 per share (EUR 1.08
the prior year).
The net dividend of EUR 1.11 per share will
be payable to owners of ordinary shares
against coupon no. 47. The Delhaize Group
shares will start trading ex-coupon on June 1,
2009 (opening of the market).The record date
(i.e. the date at which shareholders are
entitled to the dividend) is June 3, 2009
(closing of the market) and the payment date
(in EUR)
65
60
55
50
45
40
35
30
25
20
J F M A M J J A S O N D
2008
(in USD)
J F M A M J J A S O N D
2008
100
90
80
70
60
50
40
Delhaize Group
share (DELB)
Delhaize Group ADR
(DEG)
EURONEXT 100
S&P 500