News

COMPANY TAKES MAJOR STEPS IN ACCELERATED EXECUTION OF ON-TRACK GROWTH STRATEGY AND US BUSINESS WILL BE RUN AS A SEPARATE AND NON-CORE BUSINESS


HEERENVEEN (THE NETHERLANDS), 18 DECEMBER 2018 – In an update on its recently sharpened ‘Lead Global, Win Local’-strategy, Accell Group N.V. today announces new steps to create a more performance focused, consumer centric bicycle and bicycle parts company. The most important decision is to focus on our European business and to run our US activities as a separate and non-core business. The main reason for this is to focus on elimination of profit dilution as well as to focus on the core business. Also other steps have been taken to roll out the strategic plan.

HEERENVEEN (THE NETHERLANDS), 13 NOVEMBER 2018 – Accell Group notes that recent publications in Het Financieele Dagblad and De Telegraaf may lead to lack of clarity regarding a passage in the notes to the financial statements for 2017 on one of the bank covenants: the term loan leverage ratio.

HEERENVEEN (THE NETHERLANDS), 13 NOVEMBER 2018 – Accell Group has taken notice of the press release of Pon Holdings in which the company announces its intended partial offer for ordinary shares of Accell Group. The Management Board of Accell Group accepts the invite of Pon Holdings to receive an explanation of the intended partial offer. The Management Board and Supervisory Board will come up with a reaction in due time.

HEERENVEEN (THE NETHERLANDS), 26 OCTOBER 2018 – During today’s Extraordinary General Meeting of Shareholders (EGM) of Accell Group N.V. the Supervisory Board has informed shareholders about the intention to appoint Mr. Ruben Baldew as Chief Financial Officer and member of the Board of Directors. After the EGM, the Supervisory Board appointed Ruben Baldew as such.
As of 1 November 2018, the Board of Directors will have three members: Ton Anbeek (CEO), Ruben Baldew (CFO) and Jeroen Both (CSCO).

HEERENVEEN (THE NETHERLANDS), 14 SEPTEMBER 2018 – Accell Group N.V. (Accell Group) convenes the shareholders for an Extraordinary General Meeting of Shareholders (EGM) on 26 October 2018.
The EGM is held with reference to the on 19 July 2018 announced intention of the Supervisory Board to appoint Ruben Baldew as Chief Financial Officer and member of the Board of Directors as of 1 November 2018.
The shareholders meeting will start at 10.30am in Experience Center De Fietser (Akulaan 2, Ede).