Ad hoc: HEAD NV Announces the Rejection of the Resolution Proposed at the General Meeting.

Head N.V. / Ad hoc: HEAD NV Announces the Rejection of the Resolution Proposed at the General Meeting. . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement. Amsterdam - 3(th) December 2014 - Head NV (VSX: HEAD; U.S. OTC: HEDYY...
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Amsterdam - 3th December 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 the proposal to increase the nominal value of the ordinary shares was rejected by the General Meeting held today.

 

The details of the resolution and the voting summary are available on our website and the minutes will become available on our website shortly (http://www.head.com/corporate/investors/agm_summary.php).

 

 

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 and SSI (diving) 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: [email protected]

 

Gunter Hagspiel, Chief Financial Officer

Tel: +43 5574 608

Fax: +43 5574 608 130

E-mail: [email protected]

 

 

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


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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
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