AMSTERDAM, Netherlands, Sept. 11, 2006 (PRIMEZONE) -- Head NV (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 NV 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 NV shares will be September 18th, 2006.
About Head
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 Buchel and Maria Riesch.
For more information, please visit our website: www.head.com