Beter Bed dividend proposal approved and Management Board and Supervisory Board composition
(Thomson Reuters ONE) -
The Annual General Meeting of Beter Bed Holding N.V. held on 18 May 2017
declared a final dividend of ? 0.40 per ordinary share of nominally ? 0.02 each
for the 2016 financial year.
An interim dividend of ? 0.34 was paid in November 2016. The total dividend for
2016 consequently amounts to ? 0.74, resulting in a pay-out ratio of 85%. A
dividend of ? 0.87 was paid for 2015 (pay-out ratio: 85%). The final dividend
will be paid entirely in cash.
The following schedule will apply to the payment of the dividend:
22 May 2017 listing ex-dividend
23 May 2017 record date
8 June 2017 payment of dividend
Dividend policy
Beter Bed Holding N.V.'s dividend policy focuses on maximising shareholder
returns whilst maintaining a healthy capital position. Subject to conditions,
the company's objective is to pay out at least 50% of the realised net profit to
the shareholders. This payment will be made in the form of an interim dividend
following publication of the third-quarter figures and a final dividend
following the approval of the dividend proposal by the Annual General Meeting.
This system makes it possible to spread out payment of the dividend evenly over
the year. The payment of the dividend may never result in the company's solvency
falling below 30% on any publication date. Furthermore, the net interest-bearing
debt/EBITDA ratio may not exceed two.
Management Board and Supervisory Board composition
At the Annual General Meeting on 18 May 2017, Mr B.F. Koops was reappointed as
Statutory Director for a term ending after the first Annual General Meeting to
be held after four years upon his appointment. The composition of the Management
Board of Beter Bed Holding N.V., Mr A.H. Anbeek (CEO) and Mr B.F. Koops (CFO),
is maintained.
Also Mr W.T.C. van der Vis, who already has completed a term as Supervisory
Director, was reappointed as Supervisory Director for a term ending after the
first Annual General Meeting to be held after four years upon his
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.
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 retail formats ensure products of good quality, offer customers the
best advice and always 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 (M line).
The current total number of stores is 1,202. In 2016, the company achieved net
revenue of ? 410.5 million and an EBITDA of ? 37.5 million.
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 19-05-2017:
http://hugin.info/132850/R/2103515/799423.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 543013
Anzahl Zeichen: 4154
contact information:
Town:
Uden
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 112 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Beter Bed dividend proposal approved and Management Board and Supervisory Board composition"
steht unter der journalistisch-redaktionellen Verantwortung von
Beter Bed Holding NV (Nachricht senden)
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