News

HEERENVEEN (THE NETHERLANDS), 2 MAY 2017 – Accell Group announces it will currently not continue the exploratory discussions with Pon Holdings about Pon Holding’s public, non-binding and conditional offer of 11 April last.  

EDE (THE NETHERLANDS), 25 APRIL 2017 – The Accell Group Annual General Meeting of Shareholders held today approved a dividend payment of € 0.72 per ordinary outstanding share for the financial year 2016 (2015: € 0.72), to be paid out in cash or stock. This is equivalent to a pay-out ratio of 57% and a dividend yield of 3.3%, based on the closing price at year-end 2016 (€ 21.91).  

HEERENVEEN (THE NETHERLANDS), 25 APRIL 2017 – Accell Group announces that turnover in the first months of 2017 is at the same level as in 2016. The trends seen in the past year have continued as expected. Sales of e-bikes increased and sales of city and kids bikes decreased. Based on these developments, the company confirms its full year 2017 outlook of an increase in turnover and operational results, barring unforeseen circumstances.


In addition, Accell Group announces that after today’s Annual General Meeting of Shareholders the Supervisory Board intends to appoint Hielke Sybesma, CFO of Accell Group, as interim CEO and interim Chairman of the Executive Board of Accell Group. Mr. Sybesma will combine his interim role with his current role as CFO. As announced on February 9, 2017, René Takens will resign as CEO and Chairman of the Executive Board after the Annual General Meeting. He remains involved with Accell Group as advisor.

HEERENVEEN (THE NETHERLANDS), 12 APRIL 2017 – With reference to the press releases of Pon Holdings and Accell Group regarding a non-binding proposal of Pon Holdings dated 11 April 2017, Accell Group hereby confirms that parties are having discussions (overleg) in the sense of article 5 paragraph 2 of the Decree on Public Takeover Bids (Besluit openbare biedingen Wft).
Further announcements will be made if and when appropriate.

HEERENVEEN (THE NETHERLANDS), 11 APRIL 2017 - In anticipation of market rumours, Accell Group announces that it has received a non- binding, conditional proposal from Pon Holdings to combine Accell Group with its own bicycle activities. The proposal concerns a public offer for all issued and outstanding shares of Accell Group at an indicative offer price of € 32.72 per share in cash, including the 2016 proposed dividend of  € 0.72.