Head NV announced today that it has acquired a total of 14,865,236 shares in the company at €1.60 each. The shares were tendered in response to an unconditional offer made by Head on March 28, after a series of conditional offers under which the company would have bought back its shares only if a minimum of 19,214,042 shares had been tendered. With this move, the number of treasury shares directly held by the company has risen to 23,261,484, representing 25.2 percent of the equity. Directly or indirectly, Head Sports Holdings, which is controlled by Johan Eliasch and his family, own 61.3 percent of the company's shares.

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