Amsterdam – September 11th 2006 – Head N.V. (NYSE: HED; VSX: HEAD), a leading global manufacturer and marketer of sports equipment, announces record and payment date for capital repayment
According to the resolution approved at the last Annual General Meeting of Shareholders of Head N.V. on May 24th, 2006, the Company amended the Articles of Association to firstly increase the nominal value of the shares from Euro 0.20 to Euro 0.45 and to subsequently reduce the nominal value of the shares from Euro 0.45 to Euro 0.20 and as a consequence will make a payment of Euro 0.25 per share to its shareholders.
The capital repayment is payable to Shareholders on record as of September 20th, 2006. The euro payment date will be September 25th, 2006. The ex-date for the Head N.V. shares will be September 18th, 2006.
Head NV is a leading global manufacturer and marketer of premium sports equipment.
Head NV’s ordinary shares are listed on the New York Stock Exchange (“HED”) and the Vienna Stock Exchange (“HEAD”).
Our business is organized into four divisions: Winter Sports, Racquet Sports, Diving and Licensing. We sell products under the Head (tennis, squash and racquetball racquets, alpine skis and ski boots, snowboards, bindings and boots and tennis balls), Penn (tennis and racquetball balls), Tyrolia (ski bindings), and Mares/Dacor (diving equipment) brands.
We hold leading positions in all of our product markets and our products are endorsed by some of the world’s top athletes including Andre Agassi, Andy Murray, Svetlana Kuznetzova, Bode Miller, Johann Grugger, Marco Büchel and Maria Riesch.
For more information, please visit our website: http://www.head.com
Analysts, investors, media and others seeking financial and general information, please contact:
Vicki Booth, Investor Relations
Tel: +44 207 499 7800, Fax: +44 207 491 7725
E mail: email@example.com
Ralf Bernhart, Chief Financial Officer
Tel: +43 1 70 179 354, Fax +43 1 707 8940