Zwolle, 21 April 2010 - Wavin N.V., Europe's leading supplier of plastic pipe systems and solutions, today held its Annual General Meeting of Shareholders (AGM) in Amsterdam.
The AGM re-appointed all members of the Management Board for another period of four years with the exception of Wavin CEO Philip Houben who, in conformity with the proposal, was appointed until the end of the year. As announced earlier, Mr. Houben will at that time step down and Henk ten Hove, currently Executive Vice President, will succeed him. As of today Mr. Ten Hove will act as deputy CEO.
Mr. R.H.P.W. Kottman was re-appointed for a second four year-term as member of the Supervisory Board.
Reverse Stock Split
The General Meeting approved an amendment of the articles of association, enabling a 'reverse stock split' of 8 ordinary shares with a nominal value of EUR 0.05 each time into 1 ordinary share with a nominal value of EUR 0.40. Trading of ordinary shares in the new nominal value will start on Monday 3 May 2010. The amendment of the articles of association will be implemented on Sunday 2 May 2010.
The last trading day of the Wavin shares in the current nominal value of EUR 0.05 is Friday 30 April 2010. The ISIN code for the Wavin shares with the new nominal value of EUR 0.40 will be NL0009412683. The Euronext symbol WAVIN remains unchanged.
For a shareholder the reverse stock split will be processed by the bank or broker where his or her shares are registered in a way that is customary for such bank or broker.
After the execution of the reverse stock split Wavin will have 50,782,132 ordinary shares outstanding.
Annual accounts and Auditor
Furthermore the AGM adopted the 2009 Annual Accounts and appointed PricewaterhouseCoopers as the external auditor for the financial year 2010.
Financial Calendar 2010
| 17 August|| Publication of H1 figures 2010|
| 28 October|| Trading Update Q3|
Wavin is the leading supplier of plastic pipe systems and solutions in Europe. The company provides essentials: plastic pipe systems and solutions for tap water, surface heating and cooling, soil and waste, rain- and storm water, distribution of drinking water and gas and telecom applications. Wavin is headquartered in Zwolle (The Netherlands) and has a presence in 29 European countries, with manufacturing sites in 18 of those and one in China. The company employs approximately 6,300 people and reported revenue of almost EUR 1.2 billion for 2009. Outside Europe, it has a global network of agents, licensees and distributors. Wavin is listed on the NYSE Amsterdam stock exchange (WAVIN). More details about Wavin can be found at www.wavin.com
For further information:
| Media Relations:|
Herbert van Zijl
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