Today: November 20, 2017, 10:47 am
  
Business

Beter Bed dividend proposal approved and Management Board and Supervisory Board composition

PR-Inside.com: 2017-05-19 08:03:01

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@beterbed.nl                                 bart.koops@beterbed.nl

Please click on the link below for the Pdf version of the press release.

Press release 19-05-2017



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




# 704 Words
Related Articles
More From The Author
Lion/Gem Luxembourg 3 S.a.r.l. Announces Second Quarter [..]
The second quarter results for FY17 (to 30 September 2017) for Lion/Gem Luxembourg 3 S.a.r.l. (associated with Young’s Seafood [..]
Latest Nuance eCopy ShareScan Includes Simplified Chinese [..]
Nuance Communications today announced eCopy ShareScan 6.0, a new version of its popular Multifunction Printer (MFP) capture solution. The [..]
Eastern Property Holdings Limited (EPH): Notice of [..]
Eastern Property Holdings Limited (EPH) / Eastern Property Holdings Limited (EPH): Notice of Annual General Meeting 2017 . Processed [..]
Westar Energy declares dividend.
Topeka, Kan., May 18, 2017 - The Westar Energy, Inc. (NYSE:WR) Board of Directors today declared a quarterly dividend of [..]
NL INDUSTRIES, INC. ANNOUNCES RESULTS OF ANNUAL [..]
DALLAS, TEXAS - May 18, 2017 - NL Industries, Inc. (NYSE:  NL) announced that at its 2017 annual shareholder meeting [..]
 
More From Business
JCB Special Offer at Changi's Mystical Garden [..]
SINGAPORE, Nov 17, 2017 - (ACN Newswire) - Changi Airport has teamed up with Sanrio, creators of characters beloved around [..]
Destination EU2018: Lithuania and Singapore Forge New [..]
SINGAPORE / VILNIUS, Nov 15, 2017 - (ACN Newswire) - Invest Lithuania and Singapore FinTech Association today signed a landmark [..]
Hong Leong Finance Chooses Kamakura's Risk Management [..]
Asset and Liability Management, Fund Transfer Pricing, and Liquidity Management SINGAPORE, Nov 14, 2017 - (ACN Newswire) - [..]
Tenant Direct- Letting Agents Southampton
Tenant Direct- Letting Agents Southampton Looking for the help of letting agents in Southampton? When it comes to finding a [..]
Book Theory Test Today - Are you [..]
Book Theory Test Today - Are you looking to book a driving test NI? The time has come for you [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.