Declaration of dividend
(Thomson Reuters ONE) -
The Annual General Meeting of Shareholders of Beter Bed Holding N.V. that was
held on 18 April 2012 declared a final dividend of ? 0.63 per ordinary share of
nominally ? 0.02 each for the 2011 financial year.
An interim dividend of ? 0.47 was paid in November 2011. The total dividend for
2011 consequently amounts to ? 1.10, resulting in a pay-out ratio of 85%. A
dividend of ? 1.30 was paid for 2010 (pay-out ratio: 100%).
The final dividend will be paid entirely in cash.
The following schedule will apply to the payment of the dividend:
20 April 2012 listing ex dividend
24 April 2012 record date
15 May 2012 payment of dividend
Dividend policy
The dividend policy of Beter Bed Holding N.V. is aimed at maximising shareholder
profit 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
more 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.
Profile
Beter Bed Holding N.V. operates in the European bedroom furnishings market. Its
activities include retail trade through a total of 1,187 stores at year-end
2011 that operate via the chains Beter Bed (the Netherlands and Belgium),
Matratzen Concord (Germany, Switzerland, Austria, the Netherlands, Belgium and
Poland), El Gigante del Colchón (Spain), BeddenREUS, Dormaël Slaapkamers and
Slaapgenoten (all three active in the Netherlands) and MAV (Germany). Beter Bed
Holding is also engaged in developing and wholesaling branded products in the
bedroom furnishings sector in the Netherlands, Germany, Belgium, Spain, Austria,
Switzerland and Turkey via its subsidiary DBC International. Beter Bed Holding
achieved net revenue of ? 397.0 million in 2011. A total of 63% of the group's
net revenue is generated outside the Netherlands. The company has been listed on
NYSE Euronext Amsterdam since December 1996. Beter Bed Holding shares are traded
on the Amsterdam Small Cap Index.
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For more information, please contact: Ton Anbeek, Chief Executive Officer
Tel. +31 (0)413 338819 / Fax +31 (0)413 338829 / Mob. +31 (0)6 53662838
E-mail: ton.anbeek(at)beterbed.nl / Website: www.beterbedholding.com
Please click on the link below for the Pdf version of the press release.
press release 18-4-2012 nabeurs:
http://hugin.info/132850/R/1603093/506641.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1603093]
Unternehmensinformation / Kurzprofil:
Datum: 18.04.2012 - 18:00 Uhr
Sprache: Deutsch
News-ID 136660
Anzahl Zeichen: 3851
contact information:
Town:
Uden
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 194 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Declaration of dividend"
steht unter der journalistisch-redaktionellen Verantwortung von
Beter Bed Holding NV (Nachricht senden)
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