ROTTERDAM, The Netherlands and VIENNA, Austria, May 7, 2002 (PRIMEZONE) -- Head N.V. (NYSE:HED) (VSX:HEAD), a leading global manufacturer and marketer of sports equipment, announced declaration of a December 31, 2001 year end dividend of euro 0.14 per share and the convocation of the 2002 Annual General Meeting of Shareholders to be held on Tuesday May 28, 2002.
The dividend is payable to Shareholders of Record as of May 29, 2002 and is subject to Netherlands' with holding tax of 25%. The dividend will be paid on June 6, 2002. Shareholders are reminded to consult their local tax advisor regarding the withholding tax.
The Annual General Meeting of Shareholders of Head N.V. will be held on Tuesday May 28, 2002 at 15:00 hours (Dutch time) at the Sheraton Amsterdam Airport Hotel, Schiphol Airport, The Netherlands.
Details concerning the agenda, the right to attend, and how to exercise rights at the Annual Meeting can be obtained on the Investor Relations page of our website www.head.com.
The Annual Meeting is not open to the press or the general public.
About Head
Head NV is a leading global manufacturer and marketer of premium sports equipment. We are a technology driven company, our motto being "Superior Performance Through Superior Technology."
We can trace our roots back to 1950 when Howard Head, the inventor of the first metal ski, founded the company. The Tyrolia bindings and Mares diving brands were added in the 1970's and more recently the Penn balls and Dacor diving brands were acquired during the 1990's.
Head NV has been under its present management since 1996 and was listed on the New York Stock Exchange and the Vienna Stock Exchange in September 2000 in connection with our initial public offering.
Our current operations are organized into four divisions: Winter Sports, Racquet Sports, Diving and Licensing.
Within these divisions, we have created or acquired some of the most recognizable brands in the sporting goods market. Our brands include:
Head
Tennis, squash and racquetball racquets; alpine skis and ski boots; Snowboarding boards, bindings and boots; athletic and outdoor footwear; accessories and apparel
Penn
Tennis and racquetball balls
Tyrolia
Ski bindings
Mares/Dacor
Diving Equipment
Our key ski, racquet and diving products all have leading market positions and appeal to a wide range of consumers from novices to some of the world's top athletes including Andre Agassi, Gustavo Kuerten, Hannes Trinkl and Francisco "Pippin" Ferreras.
Our products are sold through over 30,000 accounts including pro shops, specialty sporting goods stores and mass merchants in over 80 countries around the world.
Our strategy has always been to develop ground-breaking products positioned at middle to high price points. We believe this helps us improve our financial returns as well as gain market share.
For more information, please visit our website: www.head.com
Analysts, investors, media and others seeking financial and general information, please contact: