Beter Bed dividend proposal approved
(Thomson Reuters ONE) -
The Annual General Meeting of Beter Bed Holding N.V. held on 19 May 2016
declared a final dividend of ? 0.48 per ordinary share of nominally ? 0.02 each
for the 2015 financial year.
An interim dividend of ? 0.39 was paid in November 2015. The total dividend for
2015 consequently amounts to ? 0.87, resulting in a pay-out ratio of 85%. A
dividend of ? 0.65 was paid for 2014 (pay-out ratio: 85%). The final dividend
will be paid entirely in cash.
The following schedule will apply to the payment of the dividend:
23 May 2016 listing ex-dividend
24 May 2016 record date
7 June 2016 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. 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.
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 company does this via stores and its own webshops through the
formulas:
* Matratzen Concord, located in Germany, Switzerland and Austria.
* Beter Bed, located in the Netherlands and Belgium.
* Beddenreus, located in the Netherlands.
* El Gigante del Colchón, located in Spain.
* Literie Concorde, located in France.
The retail formulas ensure products of good quality, offer better advice than
their competitors and always offer 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. The
international brand M Line is sold in the Netherlands, Germany, Belgium,
Austria, Switzerland, Spain and France.
At the end of March 2016 the total number of stores was 1,151. In 2015, the
company achieved net revenue of ? 385.4 million. 70.1% of this figure was
realised outside the Netherlands.
Beter Bed Holding N.V. has been listed on the Euronext Amsterdam since December
1996 and its shares (BBED NL0000339703) have been included in the AScX Index.
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(at)beterbed.nl bart.koops(at)beterbed.nl
Please click on the link below for the Pdf version of the press release.
press release 20-5-2016.pdf:
http://hugin.info/132850/R/2012256/745340.pdf
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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 GlobeNewswire
[HUG#2012256]
Unternehmensinformation / Kurzprofil:
Datum: 20.05.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 472553
Anzahl Zeichen: 4131
contact information:
Town:
Uden
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Beter Bed dividend proposal approved"
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Beter Bed Holding NV (Nachricht senden)
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