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Vedior NV (0J9M)


Friday 29 April, 2005

Vedior NV

AGM Statement

Vedior NV
29 April 2005

Amsterdam, The Netherlands

                          AGM approves all resolutions
                     For immediate release on 29 April 2005

Zach Miles, Vedior's Chief Executive, said: 'I am very pleased that the approval
by shareholders to redeem Vedior's preference shares will simplify the Company's
capital structure and reduce our finance costs.'

The Annual General Meeting of shareholders of Vedior N.V. today adopted the
Company's annual accounts for 2004. All proposals on the agenda for the meeting
have been voted for in favour.

A payment will be made to shareholders of €4 million out of the freely
distributable reserves on the (certificates of) preference shares and a payment
of € 33 million on the (certificates of) ordinary shares. The payment per
(certificate of an) ordinary share is €0.20, to be received either fully in cash
or in (certificates of) ordinary shares. The value of the stock payment will be
approximately 5% higher than the cash payment.

In addition, the meeting approved the reappointment of Mr D. Sinninghe Damste as
member of the Supervisory Board.

The meeting also approved the proposal to cancel all issued preference A and B
shares as a separate class of shares. The redemption of the preference A shares
is expected to be effective in the first half of July 2005. The preference B
shares will be redeemed as a separate class of shares as per 1 July 2007.

A copy of the agenda for the Annual General Meeting, including all agenda items,
can be found on Vedior's corporate website together with a
webcast of the meeting.

This media release includes forward-looking statements that reflect our
intentions, beliefs or current expectations and projections about our future
results of operations, financial condition, liquidity, performance, prospects,
growth, strategies, opportunities and the industry in which we operate.
Forward-looking statements include all matters that are not historical fact. We
have tried to identify these forward-looking statements by using words including
'may', 'will', 'should', 'expect', 'intend', 'estimate', 'project', 'believe',
'plan', 'seek', 'continue', 'appears' and similar expressions or their negative.

These forward-looking statements are subject to a number of risks,
uncertainties, assumptions and other factors that could cause our actual results
of operations, financial condition, liquidity, performance, prospects or
opportunities, as well as those of the markets we serve or intend to serve, to
differ materially from those expressed in, or suggested by these forward-looking
statements. Important factors that could cause those differences include, but
are not limited to our financial position and our ability to implement our
business strategy and plans and objectives of management for future operations,
our ability to develop, balance and expand our business, our ability to
implement our longterm growth strategy (including through organic growth and
acquisitions), our ability to make improvements to our capital structure,
industry and market trends and volumes, including the speed and strength at
which the staffing services industry and the sectors in which we operate,
rebound from economic slowdowns and recessions, the effects of regulation
(including employment and tax regulations), our ability to improve the
efficiency of our operations and to reduce expenses in our operating companies
and their network of offices, litigation and our ability to take advantage of
new technologies.

In light of these risks, uncertainties, assumptions and other factors, the
forward-looking events described in this media release might not occur.
Additional risks that we may deem immaterial or that are not presently known to
us could also cause the forward-looking events discussed in this media release
not to occur. Except as otherwise required by applicable law, we undertake no
obligations to update publicly or revise publicly any forward-looking
statements, whether as a result of new information, future events, changed
circumstances or any other reason after the date of this media release.

Company Profile:

Vedior is one of the world's largest recruitment companies and is a full-service
recruitment provider with a diversified portfolio of brands targeting a broad
range of industry sectors. Annual sales for 2004 were €6,467 million.

From its global network of offices spanning Europe, North America, Australasia,
Asia, South America and Africa, Vedior offers temporary and permanent
recruitment as well as a number of complementary employment-related services
such as outplacement, HR outsourcing, payrolling and training.

Vedior has a leading market position in the provision of professional/executive
recruitment in sectors such as information technology, healthcare, accounting,
engineering and education. In order to meet client requirements for all
categories of personnel, we also have a significant global network providing
administrative/secretarial and light industrial recruitment.

Financial Agenda:

3 May 2005                 Declared ex-payment from reserves
17 May 2005                Publication of stock equivalent for cash payment from
23 May 2005                Distribution from reserves made payable
28 July 2005               Publication second quarter results
27 October 2005            Publication third quarter results
2 February 2006            Publication of annual results 2005

For further information, please contact:
Zach Miles, Chief Executive                  +31 (0)20 573 5609
Jelle Miedema, Company Secretary

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                         

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