Ad hoc: HEAD NV Announces Results of the Conditional Offer to Buy Back Shares in Head NV.
Head N.V. /
Ad hoc: HEAD NV Announces Results of the Conditional Offer to Buy Back Shares in
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NOT TO BE RELEASED IN USA, CANADA, JAPAN OR AUSTRALIA
Amsterdam - 27(th) December 2013 - 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 15,908,018 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 January 17, 2014, 5pm CET.
The Depositary Bank will have to forward the Declarations of Acceptances to the
Paying and Receiving Agent no later than January 21, 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 January
23, 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.
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.
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,
Clare Vincent, Investor Relations
Tel: +44 207 499 7800
Fax: +44 207 491 7725
Gunter Hagspiel, Chief Financial Officer
Tel: +43 5574 608
Fax: +43 5574 608 130
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.
Prins Bernhardplein 200,
1097 JB Amsterdam
Stock Market: Official Market of the Vienna Stock Exchange
Market: SIX Swiss Exchange
PR Results Offer Buy Back Shares:
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Source: Head N.V. via GlobeNewswire