Ad hoc: HEAD NV Announces Results of the Unconditional Offer to Buy Back Shares in Head NV.
April 22 2014 - 11:29AM
Head N.V. / Ad hoc: HEAD NV Announces Results of the
Unconditional 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.
Amsterdam - 22nd April
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 acquired 14,865,236 Shares
in Head NV at €1.60.
The Shares were tendered under the
Unconditional Offer made by Head on the 28th March
2014.
Details of the current share
ownership of Head NV can be found on the Company's website:
http://www.head.com/corporate/investors/structure.php.
The Unconditional Offer will be paid for out of
the cash reserves of the Company.
Full details of the Unconditional Offer, including
a number of terms and conditions, are contained in the
"Unconditional 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 "Unconditional
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.
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_Unconditional_Offer
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#1778726
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