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    SNH   NL0011375019

STEINHOFF INTERNATIONAL HOLDINGS N.V.

(SNH)
  Report
End-of-day quote Johannesburg Stock Exchange  -  2022-06-23
2.710 ZAR   -5.24%
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Steinhoff International Holdings N.V. :

02/15/2022 | 12:12am EDT

DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous
Steinhoff International Holdings N.V. :

15.02.2022 / 06:10
The issuer is solely responsible for the content of this announcement.


STEINHOFF INTERNATIONAL HOLDINGS N.V. - SETTLEMENT EFFECTIVE DATE

Steinhoff International Holdings N.V. ("SIHNV" or the "Company", together with its subsidiaries, "Steinhoff" or the "Steinhoff Group") and the former South African holding company of the Steinhoff Group, Steinhoff International Holdings Proprietary Limited ("SIHPL"), provide the following update on Steinhoff's settlement of pending litigation proceedings pursuant to SIHNV's Dutch law composition plan ("Composition Plan"), SIHPL's South African law s155 scheme proposal ("S155 Proposal") and related contractual arrangements ("Global Settlement").

Settlement Effective Date

Steinhoff refers to its announcement of 24 January 2022, in which it confirmed that the Western Cape High Court had granted on that day an order approving and sanctioning S155 Proposal (the "Order"), and that "Settlement Effective Date" (as referred to under the S155 Proposal and Composition Plan) was expected to occur on or about 15 February 2022. Steinhoff confirms that Settlement Effective Date is today, 15 February 2022.

Settlement Implementation Steps

As disclosed in Steinhoff's announcement of 24 January 2022, the implementation of the Global Settlement requires a number of steps to be taken and payments to be made on and from Settlement Effective Date. Steinhoff will now commence taking those steps to implement the Global Settlement.

Steinhoff can also confirm that the Bar Date (being the deadline on which Market Purchase Claimants are able to validly lodge claims against Steinhoff) will be 23:59:59 SAST on Sunday 15 May 2022. To the extent you believe you may have a Market Purchase Claim and have not yet submitted a claim form, or if you would like to review additional information in relation to the Steinhoff Group global settlement, please visit: www.SteinhoffSettlement.com or contact info@SteinhoffSettlement.com.

The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.

Stellenbosch, South Africa

15 February 2022



15.02.2022 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.
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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: 1280463

 
End of News DGAP News Service

1280463  15.02.2022 

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© EQS 2022
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Financials
Sales 2021 9 193 M 9 697 M 9 697 M
Net income 2021 -974 M -1 027 M -1 027 M
Net Debt 2021 10 288 M 10 852 M 10 852 M
P/E ratio 2021 -13,0x
Yield 2021 -
Capitalization 687 M 725 M 725 M
EV / Sales 2020 1,45x
EV / Sales 2021 1,20x
Nbr of Employees 90 731
Free-Float 97,0%
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Managers and Directors
Louis J. du Preez Chief Executive Officer
Theodore Le Roux de Klerk Chief Financial Officer & Operations Director
Moira Moses Chairman-Supervisory Board
Louis Strydom Chief Compliance & Risk Officer
David Pauker Independent Member-Supervisory Board
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