| By Marketwire . | Article Rating: |
|
| October 25, 2012 02:35 AM EDT | Reads: |
254 |
BRUSSELS, BELGIUM -- (Marketwire) -- 10/25/12 -- Pursuant to the Belgian Law of May 2, 2007 relating to the publication of major shareholdings in listed companies, Delhaize Group (Euronext Brussels: DELB - NYSE: DEG), the Belgian international food retailer, has received a notification of the threshold of 10% being crossed by Silchester International Investors LLP which owns 10.05% of Delhaize Group's voting rights.
On October 22, 2012, Silchester International Investors LLP notified Delhaize Group that as of October 19, 2012 Silchester International Investors LLP owned 10 242 561 Delhaize Group shares, representing 10.05% of its voting rights.
This is an increase of 5 115 879 shares compared to the previous notification of ownership of 5 126 682 shares received on July 1, 2011.
Silchester International Investors LLP is controlled by Silchester Partners Limited, which holds over 90% of its capital interests. Stephen C. Butt, Silchester's Chairman and Chief Investment Officer, and his family control approximately 50.5% of the shares of Silchester Partners Limited.
Silchester International Investors LLP acts as the fully discretionary investment manager for a number of funds, such as Silchester International Investors International Value Equity Taxable Trust, Silchester International Investors International Value Equity Group Trust, Silchester International Investors Tobacco Free International Value Equity Trust, Silchester International Investors International Value Equity Trust and The Cavella Trust.
Silchester International Investors LLP has sole and exclusive proxy voting authority over the Delhaize Group voting rights that are the subject of this disclosure. The notification mentioned however that Silchester International Investors LLP does not act as custodian, and therefore the Delhaize Group shares are not held in its name.
» Delhaize Group
Delhaize Group is a Belgian international food retailer present in eleven countries on three continents. At the end of the second quarter of 2012, Delhaize Group's sales network consisted of 3 365 stores. In 2011, Delhaize Group posted EUR 21.1 billion ($ 29.4 billion) in revenues and EUR 475 million ($ 661 million) in net profit (Group share). At the end of June 2012, Delhaize Group employed approximately 158 000 people. Delhaize Group's stock is listed on NYSE Euronext Brussels (DELB) and the New York Stock Exchange (DEG).
This press release is available in English, French and Dutch. You can also find it on the website http://www.delhaizegroup.com. Questions can be sent to investor@delhaizegroup.com.
cautionary note regarding forward looking statements
Statements that are included or incorporated by reference in this press
release
and other written and oral statements made from time to time by Delhaize
Group
and its representatives, other than statements of historical fact, which
address
activities, events and developments that Delhaize Group expects or
anticipates
will or may occur in the future, including, without limitation, expected
costs
savings under the New Game Plan, the closing, conversion and opening of
stores,
anticipated revenue and net profit growth, strategic options, future
strategies
and the anticipated benefits of these strategies, are
"forward-looking
statements" within the meaning of the U.S. federal securities laws
that are
subject to risks and uncertainties. These forward-looking statements
generally
can be identified as statements that include phrases such as
"guidance,"
"outlook," "projected," "believe," "target," "predict," "estimate,"
"forecast,"
"strategy," "may," "goal," "expect," "anticipate," "intend," "plan,"
"foresee,"
"likely," "will," "should" or other similar words or phrases. Although
such
statements are based on current information, actual outcomes and
results may
differ materially from those projected depending upon a variety of
factors,
including, but not limited to, changes in the general economy or the
markets of
Delhaize Group, in strategy, in consumer spending, in inflation or
currency
exchange rates or in legislation or regulation; competitive factors;
adverse
determination with respect to claims; inability to timely develop,
remodel,
integrate, open, convert or close stores; and supply or quality control
problems
with vendors. Additional risks and uncertainties that could cause actual
results
to differ materially from those stated or implied by such
forward-looking
statements are described in Delhaize Group's most recent Annual Report on
Form
20-F and other filings made by Delhaize Group with the U.S.
Securities and
Exchange Commission, which risk factors are incorporated herein by
reference.
Delhaize Group disclaims any obligation to update developments of these
risk
factors or to announce publicly any revision to any of the
forward-looking
statements contained in this release, or to make corrections to reflect
future
events or developments.
Press release in pdf format: http://hugin.info/133961/R/1651941/533069.pdf
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Delhaize Group via Thomson Reuters ONE
[HUG#1651941]
Contacts
Chris Farrell:
+ 32 2 412 75 71
Frederic van Daele:
+ 32 2 412 77 61
Aurelie Bultynck:
+32 2 412 83 61
Steven Vandenbroeke (media):
+ 32 2 412 86 69
Published October 25, 2012 Reads 254
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Marketwire .
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

