ACG Cost Up to EUR 6.5 million, subject to timely acceptance of D&O Insurers offer Compensation Non-ACG MPCs Up to EUR 12 million to be paid out on a claims filed and acknowledged basis only Contractual Up to EUR 15 million Claimants SRF Costs Up to EUR 1.1 million plus incremental claims administration costs for D&O settlement Contribution implementation
Further Information
The Steinhoff Group will provide further updates in respect of implementation of the global settlement following the various processes identified above.
Claimants will be able to review additional information and, from today, submit their claim details on the following website: www.SteinhoffSettlement.com.
The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.
Stellenbosch, South Africa
23 March 2021 -----------------------------------------------------------------------------------------------------------------------
2021-03-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
Language: English Company: Steinhoff International Holdings N.V. cnr Adam Tas and Devon Valley Road 7600 Stellenbosch South Africa Phone: +27218080700 Fax: +27218080800 E-mail: investors@steinhoffinternational.com Internet: www.steinhoffinternational.com ISIN: NL0011375019 WKN: A14XB9 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1177414 End of News DGAP News Service =------------
1177414 2021-03-23
(END) Dow Jones Newswires
March 23, 2021 02:36 ET (06:36 GMT)