Beter Bed dividend proposal approved

20 mei 2014 The Annual General Meeting of Shareholders of Beter Bed Holding N.V. held on 19 May 2014 declared a final dividend of € 0.07 per ordinary share of nominally € 0.02 each for the 2013 financial year. An interim dividend of € 0.20 was paid in November 2013. The total dividend for 2013 consequently amounts to € 0.27, resulting in a pay-out ratio of 72%. A dividend of € 0.47 was paid for 2012 (pay-out ratio: 70%). The final dividend will be paid entirely in cash. The following schedule will apply to the payment of the dividend: 21 May 2014    listing ex-dividend 23 May 2014    record date 6 June 2014     payment of dividend Dividend policy The dividend policy of Beter Bed Holding is aimed at maximising shareholder returns while maintaining a healthy capital position. The company's objective is to, subject to certain conditions, pay out at least fifty percent of the net profit to shareholders. This will be done in the form of payment of an interim dividend following publication of the third-quarter figures and payment of a final dividend following the adoption of the financial statements and following the approval of the dividend proposal by the Annual General Meeting of Shareholders. This method makes it possible to spread the payment of dividend evenly across the year. The company's solvency must never fall below thirty percent on any given publication date as a result of the payment of dividend. The net interest-bearing debt/EBITDA ratio may never exceed two. Management Board and Supervisory Board composition At the Annual General Meeting of Shareholders of Beter Bed Holding on 19 May 2014, Mr A.H. Anbeek was reappointed as Statutory Director for a term ending after the first Annual General Meeting to be held after four years upon his appointment. The composition of the Management Board of Beter Bed Holding N.V., Mr A.H. Anbeek (CEO) and Mr B.F. Koops (CFO), is maintained. Also Messrs D.R. Goeminne and A.J.L. Slippens, who already have completed a term as Supervisory Director, were reappointed as Supervisory Directors for a term ending after the first Annual General Meeting to be held after four years upon their appointment. The composition of the Supervisory Board of Beter Bed Holding N.V., Mr D.R. Goeminne (Chairman), Mr A.J.L. Slippens (Vice Chairman), Ms E.A. de Groot and Mr W.T.C. van der Vis, remains unchanged. Profile Beter Bed Holding N.V. operates in the European bedroom furnishings market. Its activities include retail trade through a total of 1,164 stores at the end of March 2014 that operate via the chains Beter Bed (active in the Netherlands and Belgium), Matratzen Concord (active in Germany, Switzerland, Austria, the Netherlands and Belgium), El Gigante del Colchón (active in Spain), BeddenREUS and Slaapgenoten (both active in the Netherlands). Beter Bed Holding is also active in the field of developing and wholesaling branded products in the bedroom furnishing sector in the Netherlands, Germany, Belgium, Spain, Austria, Switzerland and the United Kingdom via its subsidiary DBC International. Beter Bed Holding N.V. achieved net revenue of € 357.4 million in 2013. More than 67% of the group's net revenue is realised outside the Netherlands. The company has been listed on the NYSE Euronext Amsterdam since 1996 and is included in the Amsterdam Small Cap Index. For further information: ________________________________________________________________________ Ton Anbeek Bart Koops CEO CFO +31 (0)413 338819 +31 (0)413 338819 +31 (0)6 53662838 +31 (0)6 46761405 ton.anbeek@beterbed.nl bart.koops@beterbed.nl Please click on the link below for the Pdf version of the press release. press release 20-5-2014.pdf: http://hugin.info/132850/R/1785867/612531.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Beter Bed Holding NV via GlobeNewswire [HUG#1785867]