Beter Bed dividend proposal approved
20 Mai 2015 - 8:00AM
The Annual General Meeting of Shareholders of
Beter Bed Holding N.V. held on 19 May 2015 declared a final
dividend of € 0.37 per ordinary share of nominally € 0.02 each for
the 2014 financial year.
An interim dividend of € 0.28 was paid in November
2014. The total dividend for 2014 consequently amounts to € 0.65,
resulting in a pay-out ratio of 85%. A dividend of € 0.27 was paid
for 2013 (pay-out ratio: 72%).
The final dividend will be paid entirely in cash.
The following schedule will apply to the payment
of the dividend:
21 May 2015 listing
ex-dividend
22 May 2015 record
date
5 June 2015 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.
Supervisory Board
composition
At the Annual General Meeting of Shareholders of Beter Bed Holding
on 19 May 2015, Ms E.A. de Groot was reappointed as Supervisory
Director for a term ending after the first Annual General Meeting
to be held after four years upon her 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.
Appointment of new external
auditor
At the Annual General Meeting of 19 May 2015 PwC was also appointed
to the post of external auditor to conduct the audit of the 2015
financial statements. The audit will be conducted by Mr W.C. van
Rooij. As from 1991 Mr Van Rooij fulfilled various positions at PwC
and since 2006 he is partner at PwC.
Profile
Beter Bed Holding N.V. operates in the European bedroom furnishings
market. Its activities include retail trade through a total of
1,127 stores at the end of March 2015 that operate via the chains
Beter Bed (active in the Netherlands and Belgium), Matratzen
Concord (active in Germany, Switzerland and Austria), El Gigante
del Colchón (active in Spain) and Beddenreus (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 and Switzerland via its subsidiary DBC International. Beter
Bed Holding N.V. achieved net revenue of € 364.0 million in 2014.
70% 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 of the
press release.
If you wish to unsubscribe from receiving press
releases, please send an email to bbholding@beterbed.nl with
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press release
20-5-2015.pdf
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: Beter Bed Holding NV via Globenewswire
HUG#1922094
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