Ad hoc: HEAD NV Announces Results of the Extended Conditional Offer to Buy Back Shares in Head NV.
February 11 2014 - 11:00AM
Head N.V. / Ad hoc: HEAD NV Announces Results of the Extended
Conditional Offer to Buy Back Shares in Head NV. . Processed and
transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
NOT TO BE
RELEASED IN USA, CANADA, JAPAN OR AUSTRALIA
Press Release
Amsterdam - 11th February
2014 - Head NV (VSX: HEAD; U.S. OTC:HEDYY.PK) ("Head" or
"Company"), a leading global manufacturer and marketer of sports
equipment, announced today that it has received Declarations of
Acceptances representing 16,440,287 Shares.
The Offer was contingent upon the acceptance by shareholders
representing at least 19,214,042 Shares during the Offer
Period.
As the acceptances by shareholders has not reached 19,214,042
Shares, the Company has decided to extend the Offer Period until
February 28, 2014, 5pm CET. The Depositary Bank will have to
forward the Declarations of Acceptances to the Paying and Receiving
Agent no later than March 4, 2014, 4pm CET. If the Offer is
accepted by shareholders representing at least 19,214,042 Shares,
the purchase price shall be paid out on the revised payment date of
March 6, 2014. All other terms and conditions of the Offer remain
unchanged.
Full details of the Offer, including the other terms and
conditions, are contained in the "Conditional Offer to Buy Back
Shares" document which can be found on our website. All capitalised
words used in this press release have the meaning ascribed to them
in the "Conditional Offer to Buy Back Shares" document.
This press release is for information purposes only and is not an
offer to buy Head NV's shares.
Restrictions
The Offer is not made in or into any jurisdictions where it is
unlawful to do so. The Company may not be held liable for offers
from, or on behalf of, holders of the Shares in any jurisdiction in
which the making of the Offer is not in compliance with the laws or
regulations of such jurisdiction or would require any registration
or filing with any regulatory authority. Persons having obtained
any document relating to the Offer must observe legal restrictions
in force locally. Non-compliance with legal restrictions may
constitute a breach of applicable laws and regulations. The Company
shall not have any liability in the event of any breach of the
applicable legal restrictions. Shareholders are requested to
consult their independent tax advisors regarding the tax
consequences of tendering into the Offer.
About Head
HEAD NV is a leading global manufacturer and marketer of premium
sports equipment and apparel.
HEAD NV's ordinary shares are listed on the Vienna Stock Exchange
("HEAD").
Our business is organized into five divisions: Winter Sports,
Racquet Sports, Diving, Sportswear and Licensing. We sell products
under the HEAD (alpine skis, ski bindings, ski boots, snowboard and
protection products, tennis, racquetball, paddle and squash
racquets, tennis balls and tennis footwear, sportswear and swimming
products), Penn (tennis balls and racquetball balls), Tyrolia (ski
bindings) and Mares (diving equipment) brands.
For more information, please visit our website:
www.head.com
Analysts, investors, media and others seeking financial and general
information, please contact:
Clare Vincent, Investor Relations
Tel: +44 207 499 7800
Fax: +44 207 491 7725
E-mail: Investor-Relations@head.com
Gunter Hagspiel, Chief Financial Officer
Tel: +43 5574 608
Fax: +43 5574 608 130
E-mail: g.hagspiel@head.com
Forward-Looking Statements
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "anticipate", "believe",
"could", "estimate", "expect", "intend", "may", "plan", "predict",
"project", "will" and similar terms and phrases, including
references to assumptions, as they relate to Head NV, its
management or third parties, identify forward-looking statements.
Forward-Looking statements include statements regarding Head NV's
business strategy, financial condition, results of operations, and
market data, as well as any other statements that are not
historical facts. These statements reflect beliefs of Head NV's
management as well as assumptions made by its management and
information currently available to Head NV. Although Head NV
believes that these beliefs and assumptions are reasonable, the
statements are subject to numerous factors, risks and uncertainties
that could cause actual outcomes and results to be materially
different from those projected. These Factors include, but are not
limited to, the following: global economic turmoil, weather and
other factors beyond our control, competitive pressures and trends
in the sporting goods industry, our ability to implement our
business strategy, our liquidity and capital expenditures, our
ability to obtain financing, our ability to compete, including
internationally, our ability to introduce new and innovative
products, legal proceedings and regulatory matters, our ability to
fund our future capital needs, and general economic conditions.
These factors, risks and uncertainties expressly qualify all
subsequent oral and written forward-looking statements attributable
to Head NV or persons acting on its behalf.
Head NV
Prins Bernhardplein 200,
1097 JB Amsterdam
Shares:
ISIN: NL0000238301
Stock Market: Official Market of the Vienna Stock
Exchange
Bond:
ISIN: CH0222437011
Market: SIX Swiss Exchange
PR Results Extended Offer Buy Back
Shares
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Head N.V. via Globenewswire
HUG#1760938
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