The conversion ratio is based on the weighted average price of the Accell Group share during the period from 2 May 2016 up to and including 17 May 2016. The stock dividend represents an additional value of almost 3% compared with the corresponding cash dividend of € 0.72 per ordinary share with a nominal value of € 0.01.
Accell Group further announces that shareholders representing 52% of the total number of outstanding ordinary shares have chosen to receive the dividend in stock. Based on the conversion ratio and after delivery of the ordinary shares due to the conversion of dividend rights, the total number of outstanding ordinary shares will rise by 536,296 to 25,834,236.
Dividend payment in cash and delivery of the ordinary shares due to the conversion of dividend rights will take place as of 20 May 2016.
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About Accell Group
Accell Group N.V. focuses internationally on the mid-range and higher segments of the market for bicycles and bicycle parts & accessories. The company has leading positions in the Netherlands, Belgium, Germany, Italy, France, Finland, Turkey, the United Kingdom and the United States. In Europe, Accell Group is the market leader in the bicycle market in terms of turnover. Accell Group's best known brands are Batavus (Netherlands), Sparta (Netherlands), Koga (Netherlands), Loekie (Netherlands), Ghost (Germany), Haibike (Germany), Winora (Germany), Raleigh and Diamondback (UK, US, Canada), Lapierre (France), Tunturi (Finland), Atala (Italy), Redline (US) and XLC (international).
Accell Group and its subsidiaries employ approximately 3,000 people in eighteen countries worldwide. The company has production facilities in the Netherlands, Germany, France, Hungary, Turkey and China. Accell Group products are sold in more than seventy countries. The company's headquarters are located in Heerenveen (the Netherlands). Accell Group shares are traded on the official market of Euronext Amsterdam and included in the Amsterdam Small Cap index (AScX). In 2015, Accell Group recorded profitable turnover of € 986 million.
For further information:
Accell Group N.V.
René Takens, Chairman of the Board (CEO) tel: (+31) 0513-638701 Hielke Sybesma, Member of the Board (CFO) tel: +(31) 0513-638702 Website: www.accell-group.com
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Accell Groep NV published this content on 18 May 2016 and is solely responsible for the information contained herein.
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