Beter Bed Holding N.V. Extraordinary General Meeting adopts all resolutions in relation to the recommended Offer by Torqx
November 15 2023 - 12:00PM
Beter Bed Holding N.V. Extraordinary General Meeting adopts all
resolutions in relation to the recommended Offer by Torqx
This is a press release by Beter Bed Holding
N.V. ("Beter Bed Holding" or the
"Company"). This press release is issued in
connection with the recommended public offer by 959 B.V. (the
"Offeror"), a company controlled by Torqx Capital
Partners B.V. ("Torqx"), for all the issued and
outstanding shares in the capital of the Company (the
"Offer"). This press release does not constitute
an offer, or any solicitation of any offer, to buy or subscribe for
any securities in Beter Bed Holding. Any offer has been made only
by means of the offer memorandum dated 4 October 2023
("Offer Memorandum") approved by the Dutch
Authority for the Financial Markets (Autoriteit Financiële
Markten). This press release is not for release, publication or
distribution, in whole or in part, in or into, directly or
indirectly, in any jurisdiction in which such release, publication
or distribution would be unlawful, including the United States.
Capitalised terms not defined in this press release will have the
meaning as set forth in the Offer Memorandum.
Uden, the Netherlands, 15 November
2023, today, Beter Bed Holding held an extraordinary
general meeting of shareholders in relation to the Offer by Torqx
Capital Partners (the "EGM"). At the EGM, 62.15%
of the total issued share capital of Beter Bed Holding was
represented.
The EGM has adopted all resolutions in relation
to the offer, including the approval of the post-closing
restructuring measures, the appointment of Mr H.J. Geerts, Ms
K.Y.M. de Kruiff and Mr A.L.J. Spek to the Supervisory Board and
the grant of full and final discharge to two of the current
Supervisory Board members, Mr B.E. Karis and Mrs M.C.
Schipperheijn.
The resolutions are subject to the conditions
precedent as mentioned in the agenda for the EGM and will take
effect from the time specified therein.
The voting results of the EGM will be published
on the Company's website: www.beterbedholding.com. Draft minutes of
the EGM will be published no later than three months from the date
of this press release.
The offer period expires on 29 November 2023 at
17:40 hours CET (unless extended). Shareholders wishing to tender
their Shares should contact their financial intermediary to obtain
information about the deadline by which such Shareholder must send
instructions to the financial intermediary to accept the Offer, as
such deadline may be set at an earlier time than 29 November 2023
at 17:40 hours CET. More information about the offer and how to
tender shares can be found on
www.beterbedholding.com/public-offer.
About Beter Bed Holding
Beter Bed Holding is the Netherlands’ leading
sleep specialist in retail, wholesale and B2B. Our mission is
simple. We believe that the better we sleep, the
happier, healthier and
more productive we are. And we won’t rest until
everyone gets the high-quality sleep they deserve.
Beter Bed Holding operates the successful retail
brands Beter Bed, Beddenreus, the new subscription brand Leazzzy
and the digital organisation LUNEXT. In addition, through its
subsidiary DBC International, BBH has a wholesale business in
branded products in the bedroom furnishings sector, which includes
the well-known international brands M line and Simmons.
With 4 distribution centres, a fleet of 80
vehicles, 131 stores, a fast-growing online presence, and a
wholesale company our team of over 1,000 dedicated employees
generated € 229.4 million revenue in 2022.
Providing expert sleep advice is at the very
heart of our strategy, and thanks to our revolutionary ‘Beter
Slapen ID’ tool, our sleep consultants help customers to get the
perfect night’s sleep. BBH is proud that M line is the official
sleep supplier of AFC Ajax, TeamNL, Jumbo-Visma, NOC*NSF and the
KNVB.
For more information:
Press enquiries Beter Bed Holding Uneke Dekkers M +31 (0)6
50261626 E uneke.dekkers@cffcommunications.nl
For the PDF of the press release, please click on the link under
attachment.
Press photos can be downloaded here.
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