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2025 het jaar van de waarheid voor Ontex?

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  1. Wall Street Trader 8 november 2025 15:35
    @Joshua3 Yes, they do.

    Regarding about having the Board engage in discussions with ENA and GBL, please note that both shareholders have representatives on the Board, and therefore these discussions will occur automatically.

    @Tgoalm89

    They still aim for a price valuation of 15 euros (Note: without a takeover, I never ever, see that happening in 3 months time).

    Annual Bonus

    For FY2023-25, the annual target bonus will be reduced by half. It will represent approx. 12% of the total remuneration for the CEO and between approx. 8% and 10% for the other Executives in case of on-target performance.

    The vesting of the PSUs is subject to a single performance KPI, being the share price of the Company. The calculation of the share price for such performance testing shall occur once, after the end of the three-year period, and shall be calculated as the 30-calendar day volume-weighted average price (VWAP) of a share in the Company after the public announcement by the Company of the full-year annual results for the financial year that ends on 31 December 2025.

    They could use the “Deferral Option”.

    If a member of the Executive Committee would make use of the Deferral Option, then vesting would occur in 2027, subject to the same performance KPI described above, but whereby the calculation of the share price for such performance testing would occur in 2027 (instead of 2026), and would be calculated as the 30-calendar day volume-weighted average price (VWAP) of a share in the Company after the public announcement by the Company of the full-year annual results for the financial year that ends on 31 December 2026 (instead of for the financial year that ends on 31 December 2025). If the Board would decide not to grant a Deferral Option or if a member of the Executive Committee would not make use of the Deferral Option, then vesting will occur in 2026.

    The Deferral Option shall not be available if, at the exercise deadline, the VWAP of a share in the Company is equal to or more than EUR 15.

    On some other remarks, they couldn't give me any comment on that.
  2. Rider 9 november 2025 09:03
    quote:

    Joshua3 schreef op 8 november 2025 11:58:

    Dan krijg je zeker alleen advies welke luier geschikt is bij plasproblemen. Of antwoorden ze ook vragen over een mogelijke overname of beurs-exit?
    Neen, wel over de werking van het bedrijf.
  3. Tgoalm89 10 november 2025 17:31
    Ik heb ze gemaild met vraag of er consequenties zullen zijn aan de €15 die de CEO als target in 2026 heeft vooropgesteld en de koers die nu net boven de €6 hangt, we zullen het zien...
  4. Tgoalm89 10 november 2025 17:39
    quote:

    perry1 schreef op 10 november 2025 17:33:

    In de min op een dag als vandaag
    Tijd dat Brandes Investment zich roert
  5. Miles Davis 10 november 2025 18:35
    quote:

    Tgoalm89 schreef op 10 november 2025 17:39:

    [...]

    Tijd dat Brandes Investment zich roert
    Knock on. Eigenlijk maakt GBL dezelfde fouten. Slordigheden die leiden tot een discountprijs van 40%.
  6. Miles Davis 10 november 2025 20:02
    quote:

    Tgoalm89 schreef op 10 november 2025 17:31:

    Ik heb ze gemaild met vraag of er consequenties zullen zijn aan de €15 die de CEO als target in 2026 heeft vooropgesteld en de koers die nu net boven de €6 hangt, we zullen het zien...
    De juiste formulering van vraag.
  7. Fagrontrader 10 november 2025 22:47
    quote:

    Miles Davis schreef op 10 november 2025 20:02:

    [...]

    De juiste formulering van vraag.
    Ze plakken er anders nog een jaar aan en blijven maar verlengen totdat management zelf maar besluit om weg te gaan:)
  8. Joshua3 11 november 2025 07:51
    Tijd dat de grootaandeelhouders eens gaan ingrijpen. Zij moeten er nu toch ook wel klaar mee zijn. Ontex is nu toch ook wel een hapklare brok om overgenomen te worden.
  9. Tgoalm89 12 november 2025 09:12
    Het antwoord op mijn vraag:

    "The 3-year long-term incentive is indeed dependent on reaching a €15 share price early 2026 (average of month after publication of full year 2025 results) for a 100% allocation. There is an allocation range, but at the current share price it will be lower than 5%. The Board has the option to postpone the measuring point by one year, however, which would then be early 2027.
    I hope this makes it clear,
    Best regards,
    Geoffroy Raskin"

    Ik hoop dat er niet enkel naar de bonus wordt gekeken...
  10. Miles Davis 12 november 2025 11:29
    quote:

    Tgoalm89 schreef op 12 november 2025 09:12:

    Het antwoord op mijn vraag:

    "The 3-year long-term incentive is indeed dependent on reaching a €15 share price early 2026 (average of month after publication of full year 2025 results) for a 100% allocation. There is an allocation range, but at the current share price it will be lower than 5%. The Board has the option to postpone the measuring point by one year, however, which would then be early 2027.
    I hope this makes it clear,
    Best regards,
    Geoffroy Raskin"

    Ik hoop dat er niet enkel naar de bonus wordt gekeken...
    Thanks tgoal

    Een gijzeling van 3j van aandeelhouders zonder enig positief vooruitzicht naar dividend of andere elementen met meerwaarde verdient geen uitstel. Er is geen enkel argument in zijn voordeel buiten de zeer zwakke prestatie van het management team en de profiteurs raad van bestuur. 3j zonder enige evaluatie. Tijd voor een activist om die politiek van luiheid en gulzigheid te doorbreken.

    Niemand die een bod vandaag wil doen?
  11. Wall Street Trader 12 november 2025 19:36
    quote:

    Tgoalm89 schreef op 12 november 2025 09:12:

    Het antwoord op mijn vraag:

    "The 3-year long-term incentive is indeed dependent on reaching a €15 share price early 2026 (average of month after publication of full year 2025 results) for a 100% allocation. There is an allocation range, but at the current share price it will be lower than 5%. The Board has the option to postpone the measuring point by one year, however, which would then be early 2027.
    I hope this makes it clear,
    Best regards,
    Geoffroy Raskin"

    Ik hoop dat er niet enkel naar de bonus wordt gekeken...
    @Tgoalm89 that's exactly what I had already posted for you on nov. 8th, I even added the calculation as an attachment.
  12. Miles Davis 13 november 2025 08:05
    quote:

    Wall Street Trader schreef op 12 november 2025 19:36:

    [...]

    @Tgoalm89 that's exactly what I had already posted for you on nov. 8th, I even added the calculation as an attachment.
    Exactly Wall Street Trader. The more we confront them with this , the better.
    Next thing is that i m going to write GBL and ENA to vote no on this option. Not that they will listen but doing nothing is not my nature.
  13. Miles Davis 14 november 2025 11:54
    Hij is vertrokken naar 2 partijen. Brandes namen heb ik niet.

    Dear,

    As we are representing a small community of retail investors we would like to address the point of voting no to any deferral bonus request within the ontex board.
    We believe that there isn't any argument in favour of the current management team.
    After 3 years in executing their plan they have been underperforming heavily towards shareholders value and projected a target of 15 Euro by end of Q1 2026.
    Missing the last year many quarters and miscalculating the top line in the US we wonder what needs to happen to wake up the board.
    The management street credibility is zero with analysts and also among our group of shareholders we have no trust anymore in their words.

    Bottom line, the promise they made 3 years ago is in ashes today. No acceleration and not shareholder value. Instead diluted shareholders value compared to BEL20 index over 3y.

    Therefore our request is clear to every big Stakeholder. Vote NO against any deferral request on Bonus calculation timeframe.
    Otherwise we are subscribing ourselves to a weak culture of performance and excuses after excuses.

    Thank you
  14. forum rang 6 keffertje 14 november 2025 12:29
    quote:

    Miles Davis schreef op 14 november 2025 11:54:

    Hij is vertrokken naar 2 partijen. Brandes namen heb ik niet.

    Dear,

    As we are representing a small community of retail investors we would like to address the point of voting no to any deferral bonus request within the ontex board.
    We believe that there isn't any argument in favour of the current management team.
    After 3 years in executing their plan they have been underperforming heavily towards shareholders value and projected a target of 15 Euro by end of Q1 2026.
    Missing the last year many quarters and miscalculating the top line in the US we wonder what needs to happen to wake up the board.
    The management street credibility is zero with analysts and also among our group of shareholders we have no trust anymore in their words.

    Bottom line, the promise they made 3 years ago is in ashes today. No acceleration and not shareholder value. Instead diluted shareholders value compared to BEL20 index over 3y.

    Therefore our request is clear to every big Stakeholder. Vote NO against any deferral request on Bonus calculation timeframe.
    Otherwise we are subscribing ourselves to a weak culture of performance and excuses after excuses.

    Thank you
    Ben heel benieuwd naar een eventuele reactie en wat Brandes betreft: info@brandes.com (algemeen e-mail adres). Als je ze belt en vraagt wie binnen de organisatie verantwoordelijk is voor het Ontex-belang dan zullen ze je vast een persoonlijk e-mail adres kunnen verschaffen.
  15. forum rang 6 keffertje 14 november 2025 12:30
    FedEx/UPS/Driving Directions/Rideshare
    (Building Address)

    Brandes Investment Partners, L.P.
    4275 Executive Square, 5th Floor
    La Jolla, CA 92037

    U.S. Mail

    Brandes Investment Partners, L.P.
    P.O. Box 919048
    San Diego, CA 92191-9408

    Phone and Email

    800.237.7119 (Toll Free)
    858.755.0239
    For U.S. Institutions: instservices@brandes.com
    For U.S. Advisors and Individuals: info@brandes.com
  16. Miles Davis 14 november 2025 12:49
    quote:

    keffertje schreef op 14 november 2025 12:30:

    FedEx/UPS/Driving Directions/Rideshare
    (Building Address)

    Brandes Investment Partners, L.P.
    4275 Executive Square, 5th Floor
    La Jolla, CA 92037

    U.S. Mail

    Brandes Investment Partners, L.P.
    P.O. Box 919048
    San Diego, CA 92191-9408

    Phone and Email

    800.237.7119 (Toll Free)
    858.755.0239
    For U.S. Institutions: instservices@brandes.com
    For U.S. Advisors and Individuals: info@brandes.com
    Bedankt. Mijn mail is ook rechtsreeks naar de boardmembers gegaan. Via internet een paar kunnen vinden. Beter dan te passeren via investors mailbox.
  17. forum rang 6 keffertje 14 november 2025 13:42
    quote:

    Miles Davis schreef op 14 november 2025 12:49:

    [...]

    Bedankt. Mijn mail is ook rechtsreeks naar de boardmembers gegaan. Via internet een paar kunnen vinden. Beter dan te passeren via investors mailbox.
    Goed bezig, laat weten als ze reageren stp!
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