CURACAO, Netherlands Antilles, June 10 /PRNewswire-FirstCall/ --
Retail Holdings N.V. (Pink Sheets: RHDGF)
Retail Holdings N.V. ("ReHo" or the "Company") announced today that the
Company's Annual General Meeting (the "AGM") will be held in Curacao,
Netherlands Antilles, on August 27, 2008. On or about July 10, 2008, Proxy
material for the AGM will be sent to Shareholders of record as of July 2,
2008.
Reflecting a stronger than anticipated cash flow for the first five months
of 2008, the Board of Directors is recommending for Shareholder approval at
the AGM a dividend of $0.75 per Common Share for 2008, rather than the $0.60
dividend per Common Share previously announced. Assuming, as expected, that
Shareholders at the AGM accept the recommendation of the Board of Directors,
the record date for the dividend, representing a repayment from paid-in
surplus, will be August 27, 2008. The dividend will be paid on or about
September 4, 2008.
About Retail Holdings
The Company is a holding company with three principal assets: 1) a 56.8%
equity interest in Singer Asia Limited, ("Singer Asia"), a distributor of
consumer durable products in selected emerging markets in Asia, with consumer
credit and other financial services available to qualified customers; 2)
seller notes, primarily arising from the sale of the Singer(R) worldwide
sewing business and trademark; and 3) cash and cash equivalents. ReHo has no
operating activities other than those carried out through Singer Asia.
The Company is a Netherlands Antilles public company, which is the
successor company to the Singer Company N.V. and its predecessor companies.
The Company, formerly known as Singer N.V., changed its name to Retail
Holdings N.V. following the sale of the sewing machine business and the
Singer(R) trademark in September 2004. Price quotations for the Company's
shares are available on the "Pink Sheets" quotation service under the symbol
"RHDGF".
Additional financial and other information about the Company, including:
a copy of ReHo's audited consolidated financial statements for the twelve
months ended December 31, 2007, 2006, 2005, 2004, 2003, 2002, and 2001 and for
the three months ended December 31, 2000, together with the Auditor's Reports
thereon; the 2007 Annual Report dated April 2008, and the prior Disclosure
Statements and Reports dated May 2007, April 2006, April 2005, April 2004,
April 2003, May 2002 and September 2001; and copies of all semi-annual and
quarterly reports and press releases since the conclusion of the Chapter 11
proceedings in September 2000, may be found at the Corporate/Investor section
of the Company's website at www.retailholdings.com.
For further information, please contact Amy Pappas at (914) 241-3404.
SOURCE Retail Holdings N.V.