Ad hoc: HEAD NV Announces Results of the Extended Conditional Offer to Buy Back Shares in Head NV.
March 25 2014 - 3:59PM
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 - 25th March 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 16,543,621
Shares.
As the Conditional Offer was contingent upon the
acceptance by shareholders representing at least 19,214,042 Shares
during the Offer Period, and that acceptance level has not been
reached, Head is withdrawing the Conditional Offer.
The Shares under the Offer will be returned to the
Depository Bank in a timely manner, but in any event no later than
the 1st April 2014.
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#1771698
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