HEAD N.V. and HTM Sport- und Freizeitgeräte AG ("HTM"), a Subsidiary
of Head N.V., Announce Further
HEAD N.V. and HTM Sport- und Freizeitgeräte AG ("HTM"), a Subsidiary of Head N.V., Announce Further Extension of Early Tender Date and Expiration Date of Previously Announced Private Exchange Offer and Consent Solicitation Relating to HTM's ?135,000,000 8½ Senior Notes due 2014.
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Exchange OfferAmsterdam - July 3, 2009 - HEAD (VSX: HEAD, U.S. OTC: HEDYY.PK), aleading global manufacturer and marketer of sports equipment and HTM,a subsidiary of Head N.V., announced today that HTM is extending theearly tender date and the expiration date of its previously announcedoffer to exchange (the "Exchange Offer") its outstanding ?135,000,0008½% Senior Notes due 2014 (the "Existing Notes") for its new 10%Senior Secured Notes due 2014 (the "Secured Notes") until 5:00 p.m.,London time, on July 31, 2009. The early tender date and theexpiration date were previously 5:00 p.m., London time, on July 3,2009. As a result, the settlement date for the Exchange Offer isexpected to be postponed from July 9, 2009 to August 6, 2009. LucidIssuer Services Limited, the exchange, information and tabulationagent in connection with the Exchange Offer, informed us that as at5:00 pm, London time on July 3, 2009, approximately ?6.6 million inaggregate principal amount of the Existing Notes were validlytendered in the exchange offer.As a result of the extension of the early tender date and theexpiration date, eligible holders of Existing Notes who validlytender their Existing Notes in the Exchange Offer on or prior to 5:00p.m., London time, on July 31, 2009, unless extended will receive?350 aggregate principal amount of the Secured Notes for each ?1,000principal amount of Existing Notes exchanged. The withdrawal datefor the Exchange Offer remains 5:00 p.m., London time, on May 11,2009 and has passed. Any tenders made after such date may not bewithdrawn. HTM may terminate or withdraw the Exchange Offer at itssole discretion, at any time and for any reason.The Exchange Offer is being made within the United States only to"qualified institutional buyers" as that term is defined in Rule 144Aunder the Securities Act of 1933, as amended (the "Securities Act")and to persons located outside of the United States and who would beparticipating in any transaction in accordance with Regulation S.The Secured Notes to be offered have not been registered under theSecurities Act and may not be offered or sold in the United Statesabsent an applicable exemption from registration requirements. Thispress release does not constitute an offer to sell or thesolicitation of an offer to buy Existing Notes or Secured Notes inany jurisdiction in which such an offer or sale would be unlawful.The Exchange Offer is not being made and will not be made, directlyor indirectly, in or into the Republic of Italy, whether by mail orby any means or other instrument (including, without limitation,telephonically or electronically) or any facility of a nationalsecurities exchange publicly or privately available in the Republicof Italy.HTM's obligation to accept any Existing Notes tendered and to pay theapplicable consideration for them is set forth solely in the OfferingCircular dated April 21, 2009, as supplemented by the Supplementthereto dated May 7, 2009 (together, the "Offering Circular"). TheExchange Offer is made only by, and pursuant to, the terms set forthin the Offering Circular, and the information in this press releaseis qualified by reference to the Offering Circular. Subject toapplicable law, HTM may amend, extend or terminate the ExchangeOffer.Lucid Issuer Services Limited is serving as exchange, information andtabulation agent in connection with the Exchange Offer. Requests byholders for information, the Offering Circular and other documentsshould be directed to Lucid Issuer Services Limited, Leroy House, 436Essex Road, London N1 3QP, U.K., Telephone: +44 20 7704 0880.About HeadHEAD Group is a leading global manufacturer and marketer of premiumsports equipment.HEAD NV's ordinary shares are listed on the Vienna Stock Exchange("HEAD").HTM is a subsidiary of Head N.V.Our business is organized into four divisions: Winter Sports, RacquetSports, Diving and Licensing. We sell products under the HEAD(tennis, squash and racquetball racquets, tennis balls, tennisfootwear, badminton products, alpine skis, ski bindings and skiboots, snowboards, bindings and boots), Penn (tennis and racquetballballs), Tyrolia (ski bindings), and Mares/Dacor (diving equipment)brands.We hold leading positions in all of our product markets and ourproducts are endorsed by some of the world's top athletes includingAndre Agassi, Hermann Maier, Bode Miller, Amelie Mauresmo, SvetlanaKuznetsova, Novak Djokovic, Andrew Murray, Ivan Ljubicic, DidierCuche, Marco Büchel, Patrick Staudacher, Maria Riesch and SarkaZahbrovska.For more information, please visit our website: www.head.comAnalysts, investors, media and others seeking financial and generalinformation, please contact:Clare Vincent, Investor RelationsTel: +44 207 499 7800Fax: +44 207 491 7725E-mail: headinvestors(at)aol.comGünter Hagspiel, Chief Financial OfficerTel: +43 5574 608 150Fax +43 5574 608 130Head N.V.Rokin 55NL 1012 KK AmsterdamISIN: NL0000238301Stock Market: Official Market of the Vienna Stock ExchangeHTM Sport- und Freizeitgeräte AGTyroliaplatz 1A 2320 SchwechatISIN: XS0184717956 / XS0184719143Stock Market: Luxembourg Stock Exchange --- End of Message ---Head N.V.Rokin 55 Amsterdam NiederlandeWKN: 577203 ; ISIN: NL0000238301; Index: ATX Prime, WBI;Listed: Mid Market in Wiener Boerse AG;
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Datum: 03.07.2009 - 09:00 Uhr
Sprache: Deutsch
News-ID 3210
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