Beter Bed dividend proposal approved
(Thomson Reuters ONE) -
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(at)beterbed.nl bart.koops(at)beterbed.nl
Please click on the link below for the pdf of the press release.
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to bbholding(at)beterbed.nl with subject unsubscribe press release.
press release 20-5-2015.pdf:
http://hugin.info/132850/R/1922094/688992.pdf
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Source: Beter Bed Holding NV via GlobeNewswire
[HUG#1922094]
Unternehmensinformation / Kurzprofil:
Datum: 20.05.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 394532
Anzahl Zeichen: 4757
contact information:
Town:
Uden
Kategorie:
Business News
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"Beter Bed dividend proposal approved"
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