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Shareholders Approve Accell Group Share Split

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BIKE EUROPE: HEERENVEEN, The Netherlands (December 9) – Accell Group NV announces that the Extraordinary Meeting of Shareholders held yesterday has approved the change in the articles of association required for the earlier announced and proposed share split. Every ordinary share in Accell Group with a nominal value of € 0.05 will be changed into […]

BIKE EUROPE: HEERENVEEN, The Netherlands (December 9) – Accell Group NV announces that the Extraordinary Meeting of Shareholders held yesterday has approved the change in the articles of association required for the earlier announced and proposed share split. Every ordinary share in Accell Group with a nominal value of € 0.05 will be changed into 2.5 new ordinary shares with a nominal value of € 0.02. Dutch Accell Group is the largest bicycle group in Europe in terms of turnover and has subsidiary companies in the Netherlands, Germany, France, Hungary and Finland.
The share split is expected to be effected from Monday 20 December 2004 and will, from that day onwards, also be expressed in Accell Group’s listing on the Official Market of the Euronext Amsterdam stock exchange. (JO)

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