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ADR Program   

ADSs (American Depositary Shares), 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). The Delhaize Group ADR program is governed by a deposit agreement binding upon Delhaize Group, The Bank of New York and the holders of ADRs. This program is administrated by:

The Bank of New York
Shareholder Relations
P.O. Box 11258
Church Street Station
New York, N.Y. 10286-1258
U.S.A.

Toll Free Telephone Numbers
1-877-853-2191 (US)
1-610-382-7836 (Non-US)

E-mail
shareowners@bankofny.com

Web sites
www.stockbny.com


Global BuyDIRECT
The Bank of New York has put in place a Global BuyDIRECT Plan for Delhaize Group, which is a direct purchase and sale plan for depositary receipts, including a dividend reinvestment plan (DRIP). Questions or correspondence about Global BuyDIRECT should be addressed to The Bank of New York.

Dividend Policy
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 opportunities to finance the future growth of the Company.

Set forth below are the gross and net annual dividends paid by Delhaize Group since 1990:

Year Gross Amount Net Amount**
1990* EUR 0.48 - EUR 0.36 -
1991* EUR 0.58 - EUR 0.43 -
1992 EUR 0.66 - EUR 0.50 -
1993 EUR 0.67 - EUR 0.50 -
1994 EUR 0.77 - EUR 0.57 -
1995 EUR 0.83 - EUR 0.62 -
1996 EUR 0.89 - EUR 0.67 -
1997 EUR 0.99 - EUR 0.74 -
1998 EUR 1.12 - EUR 0.84 -
1999 EUR 1.24 - EUR 0.93 -
2000 EUR 1.36 USD 1.1482 EUR 1.02 USD 0.8611
2001 EUR 1.44 USD 1.3255 EUR 1.08 USD 0.9941
2002 EUR 0.88 USD 1.0296 EUR 0.66 USD 0.7722
2003 EUR 1.00 USD 1.2242 EUR 0.75 USD 0.9181
2004 EUR 1.12 USD 1.3689 EUR 0.84 USD 1.0267
2005 EUR 1.20 USD 1.5287 EUR 0.90 USD 1.1465
* Adjusted for the stock split by 5 on June 4, 1992.
** Net amount = gross amount minus withholding tax.


At the Ordinary General Meeting held on May 24, 2006, the shareholders approved a gross dividend of EUR 1.20 per share, compared to EUR 1.12 the previous year. After deduction of 25% Belgian withholding tax, this results in a net dividend of EUR 0.90 per share (EUR 0.84 the prior year).

The net dividend of EUR 0.90 per share are payable to owners of ordinary shares against coupon no. 44. The shares are trading ex-coupon since May 30, 2006. The payment of the dividend to the ADR holders is made through The Bank of New York.

Taxation of Dividends of Delhaize Group Shares
It is assumed that, for the application of domestic Belgian tax legislation and the U.S.-Belgian tax treaty, owners of Delhaize Group ADRs are treated the same as owners of Delhaize Group shares and that the ADRs are treated as Delhaize Group shares. However, it must be noted that this assumption has not been confirmed or verified with the Belgian Tax Authorities.

For Belgian income tax purposes, the gross amount of all distributions made by Delhaize Group to its shareholders (other than repayment of paid-up capital in accordance with the Belgian Company Code) is generally taxed as dividends. All dividends that are attributed or paid on the shares are subject to a 25% Belgian withholding tax.

For non-Belgian residents - individuals and corporations - , Belgian withholding tax is retained also at the rate of 25% subject to the reductions or exemptions provided for by Belgian tax law or by the tax treaty concluded between Belgium and the country of which the non-Belgian recipient of the dividend is a resident. Such withholding tax is normally the final tax in Belgium.

For dividends paid by Delhaize Group to a U.S. holder of ADRs, beneficial owner of the dividends, who is not holding the shares through a permanent establishment or a fixed base in Belgium and is entitled to claim benefits under the U.S.-Belgian tax treaty, the withholding tax is reduced from 25% to 15%. If he/she holds at least 10% of the voting rights of Delhaize Group, a reduced withholding tax rate of 5% is applicable.

Standard Withholding Tax Reclamation Procedure
Although there are exceptions, in general the full 25% Belgian withholding tax must be withheld by Delhaize Group or the paying agent, and the non-Belgian holder of Delhaize Group shares or ADRs may file a claim for reimbursement for amounts withheld in excess of the treaty rate. The reimbursement claim form (Form 276 Div.-Aut.) can be obtained from the Bureau Central de Taxation, Bruxelles-Etranger, Tour North Galaxy B7, Boulevard Albert II 33, 1030 Brussels, Belgium (phone: 32 2 336 89 43, fax: 32 2 336 17 78, email: bct.cd.bruxelles.etr@minfin.fed.be). The form should be completed in duplicate and sent to the relevant Tax Office in the residence country of the non-Belgian holder with the request that one copy be appropriately stamped and returned to the sender. The non-Belgian holder can then obtain reimbursement from the Bureau Central de Taxation, at the same address, upon presentation of the stamped form and a document proving that the dividend has been cashed. The request for reimbursement must be filed with the Bureau Central de Taxation within three years from January 1 of the year following the year in which the dividend was declared payable.

Prospective holders should consult their own tax advisors as to whether they qualify for the reduced withholding tax upon attribution or payment of dividends, and as to the procedural requirements for obtaining the reduced withholding tax immediately upon the attribution or payment of the dividends or through the filing of a claim for reimbursement.
 
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