AMSTERDAM, Netherlands, June 8, 2009 (GLOBE NEWSWIRE) -- Head N.V. (VSX:HEAD) (Pink Sheets:HEDYY) (the "Company") announced today that the termination of its registration and reporting obligations under the United States Securities Exchange Act of 1934, as amended (the "Exchange Act") became effective on June 4, 2009, 90 days after the filing of a Form 15F with the United States Securities and Exchange Commission.
The Company's ordinary shares will continue to be listed and trade on the Vienna Stock Exchange.
The termination of the Company's registration and reporting obligations under the Exchange Act will not affect the Company's business strategy in the United States nor its commitment to high standards of corporate governance and financial reporting. The Company has adopted International Financial Reporting Standards, or IFRS, and will continue to make English translations of its interim and annual reports and other press releases available on its website: www.head.com.
About Head
HEAD N.V. is a leading global manufacturer and marketer of premium sports equipment.
HEAD N.V.'s ordinary shares are listed on 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, tennis balls, tennis footwear, badminton products, alpine skis, ski bindings and ski boots, snowboards, bindings and boots), 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, Hermann Maier, Bode Miller, Amelie Mauresmo, Svetlana Kuznetsova, Novak Djokovic Andrew Murray, Ivan Ljubicic, Didier Cuche, Marco Buchel, Patrick Staudacher, Maria Riesch and Sarka Zahbrovska.
For more information, please visit our website: www.head.com
Analysts, investors, media and others seeking financial and general information, please contact:
Clare Vincent, Investor Relations Tel: +44 207 499 7800 Fax: +44 207 491 7725 E-mail: headinvestors@aol.com Gunter Hagspiel, Chief Financial Officer Tel: +43 5574 608 150 Fax +43 5574 608 130 Head N.V. Rokin 55 NL 1012 KK Amsterdam ISIN: NL0000238301 Stock Market: Official Market of the Vienna Stock Exchange