Beter Bed dividend proposal approved and Management Board and Supervisory Board composition
19 Mai 2017 - 08:00AM
The Annual General Meeting of Beter Bed Holding
N.V. held on 18 May 2017 declared a final dividend of € 0.40 per
ordinary share of nominally € 0.02 each for the 2016 financial
year.
An interim dividend of € 0.34 was paid in November 2016. The total
dividend for 2016 consequently amounts to € 0.74, resulting in a
pay-out ratio of 85%. A dividend of € 0.87 was paid for 2015
(pay-out ratio: 85%). The final dividend will be paid entirely in
cash.
The following schedule will apply to the payment of the
dividend:
22 May 2017 listing
ex-dividend
23 May 2017 record date
8 June 2017 payment of dividend
Dividend
policy
Beter Bed Holding N.V.'s dividend policy focuses on maximising
shareholder returns whilst maintaining a healthy capital position.
Subject to conditions, the company's objective is to pay out at
least 50% of the realised net profit to the shareholders. This
payment will be made in the form of an interim dividend following
publication of the third-quarter figures and a final dividend
following the approval of the dividend proposal by the Annual
General Meeting. This system makes it possible to spread out
payment of the dividend evenly over the year. The payment of the
dividend may never result in the company's solvency falling below
30% on any publication date. Furthermore, the net interest-bearing
debt/EBITDA ratio may not exceed two.
Management Board and Supervisory
Board composition
At the Annual General Meeting on 18 May 2017, Mr
B.F. Koops 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 Mr W.T.C. van der Vis, who already has
completed a term as Supervisory Director, was reappointed as
Supervisory Director for a term ending after the first Annual
General Meeting to be held after four years upon his
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 is a European retail organisation that strives to
offer its customers a comfortable and healthy night's rest every
night at an affordable price. The retail formats ensure products of
good quality, offer customers the best advice and always the best
possible deal. Beter Bed Holding is also active as a wholesaler of
branded products in the bedroom furnishing sector via its
subsidiary DBC International (M line).
The current total number of stores is 1,202. In
2016, the company achieved net revenue of € 410.5 million and an
EBITDA of € 37.5 million.
For more information:
Ton
Anbeek Bart
Koops
Chief Executive
Officer
Chief Financial Officer
+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 19-05-2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Beter Bed Holding NV via Globenewswire
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