AIRPORT CITY, Israel,
Nov. 30, 2016 /PRNewswire/ --
SodaStream International Ltd. (NASDAQ: SODA), the leading global
manufacturer and distributor of Home Sparkling Water Makers, today
announced that it will include Torsten
Koster as an additional director nominee for election at its
upcoming 2016 annual shareholders meeting. Over a 20-year
career, Mr. Koster has served in various finance positions, and
spent over 12 years at Nestlé starting in 2003, where he served as
CFO of Nestlé Nespresso S.A. from 2011 to 2015. The
nomination comes at the suggestion of SodaStream shareholder,
Teleios Capital Partners GmbH ("Teleios").
Existing directors, David Morris,
Prof. Yehezkel (Chezy) Ofir and Richard
Hunter, will also stand for reelection at the annual
meeting. Following six years of service, during which the
Company nearly tripled its revenue, Eytan
Glazer will step down from the Board so that it will
continue to have nine members following the annual meeting.
Stanley Stern, Chairman of
SodaStream, said, "We look forward to welcoming Torsten to our
Board as well as the continuation of the other three
nominees. We believe that SodaStream will benefit greatly
from the expertise that he brings from his experience at Nespresso
as we continue to implement our growth plan and build on the
successes of recent quarters."
Daniel Birnbaum, Chief Executive
Officer of SodaStream, said. "I'm extremely grateful to Eytan for
his many contributions to SodaStream during the past six years,
particularly his assistance in attracting top talent to our
management team and in crafting our growth plan during the 2014
turnaround."
Adam Epstein, Partner of Teleios,
said, "Torsten's experience at Nestlé Nespresso and his insight
into targeted customer acquisition and development will support the
Board in its continued efforts to deliver significant value
creation for all shareholders. We are pleased to be working with
SodaStream's management team and share their vision for long-term
growth."
In connection with the nomination, SodaStream and Teleios, which
beneficially owns approximately 5.7% of SodaStream's outstanding
ordinary shares, have agreed to certain customary standstill
provisions for a period of 18 months following the 2016 annual
shareholders meeting.
The full text of the agreement between SodaStream and Teleios
will be filed with the Securities and Exchange Commission as an
exhibit to a report of SodaStream on Form 6-K and as an exhibit to
an amended Schedule 13D of Teleios.
About SodaStream International
SodaStream is the #1 sparkling water brand in volume in the
world and the leading manufacturer and distributor of Sparkling
Water Makers. We enable consumers to easily transform ordinary tap
water into sparkling water and flavored sparkling water in seconds.
By making ordinary water fun and exciting drink, SodaStream helps
consumers drink more water. Sparkling Water Makers offer a highly
differentiated and innovative solution to consumers of bottled and
canned carbonated soft drinks. The products promote health and
wellness, are environmentally friendly, cost effective, and are
customizable and fun to use. Products are available at more than
70,000 retail stores across 45 countries. To learn more about how
SodaStream makes water exciting and follow SodaStream on Facebook,
Twitter, Pinterest, Instagram and YouTube, visit
http://www.sodastream.com.
About Teleios Capital Partners LLC
Teleios is a Switzerland-based
investment manager focused on mid-market companies where it seeks
to create value through constructive engagement. Teleios manages
capital for leading European and US foundations, family offices and
institutions.
Media contacts
For SodaStream:
Brendon Frey
ICR
Phone: + 1 203-682-8200
brendon.frey@icrinc.com
For Teleios Capital Partners:
Andrew Honnor or Robert White
Greenbrook Communications
Phone: +44(0)20-7952-2000
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SOURCE SodaStream International Ltd.