HEAD BV Announces the Acceptance of the Resolution Proposed at the General Meeting
October 20 2015 - 9:36AM
Head BV (U.S. OTC: HEDYY.PK) ("Head" or "Company"), a leading
global manufacturer and marketer of sports equipment, announced
today that the proposal to resolve to cancel all issued and
outstanding ordinary shares of the Company against a repayment of
€0.70 (the Redemption Price) and the proposal to issue an equal
number of preference shares to the shareholders that opt for
preference shares for an issue price of €0.70 was accepted by the
General Meeting held today.
The holders of ordinary shares that were "bearer
shares" prior to HEAD'S conversion into a "BV" in the capital of
the Company will have a period of two weeks from the adoption of
this resolution (so until 5pm CET Wednesday 4th November, 2015),
and holders of ordinary shares that were "US common shares" prior
to HEAD'S conversion into a "BV" in the capital of the Company will
have a period of twenty business days from the adoption of this
resolution (so until 5pm EST Wednesday 18th November, 2015), to
make use of an option right to acquire the same number of
preference shares. Full details of how to exercise the option right
can be found in the convocation for the general meeting.
Holders of ordinary shares (registered and
unregistered) who do not exercise their option right to subscribe
for preference shares will be able to apply to receive the
Redemption Price. Full details of how to apply to receive the
Redemption Price can be found in the convocation for the general
meeting.
Further details, if required, can be provided by the Company at
Investor-Relations@head.com.
About Head
HEAD BV is a leading global manufacturer and marketer of premium
sports equipment and apparel.
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), Mares and SSI (diving) brands.
For more information, please visit our website: www.head.com
Head BV Prins Bernhardplein 200, 1097 JB
Amsterdam
Bond: ISIN: CH0222437011 Market: SIX Swiss
Exchange
EGM October 2015
http://hugin.info/133711/R/1960148/714455.pdf
HUG#1960148
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