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Steinhoff een mooie kans

17.282 Posts
Pagina: «« 1 ... 688 689 690 691 692 ... 865 »» | Laatste | Omlaag ↓
  6. Roel050 24 januari 2022 11:13
    Steinhoff International Holdings N.V. – Global Settlement Update

    Steinhoff International Holdings N.V.
    (Incorporated in the Netherlands)
    (Registration number: 63570173)
    Share Code: SNH
    ISIN: NL0011375019

    Steinhoff Investment Holdings Limited
    (Incorporated in the Republic of South Africa)
    (Registration number: 1954/001893/06)
    JSE Code: SHFF
    ISIN: ZAE000068367

    STEINHOFF INTERNATIONAL HOLDINGS N.V. – Global Settlement Update

    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 (“Global
    Settlement”).

    SIHPL Sanction Order

    SIHPL’s application for the approval and sanction of its section 155 proposal (“s155 Proposal”)
    was heard today, 24 January 2022 by the Western Cape High Court. At the close of the
    hearing the Court granted SIHPL’s request and granted an Order approving and sanctioning
    the s155 Proposal. A copy of the Order will be made available on SIHNV's website
    (www.steinhoffinternational.com) and on www.SteinhoffSettlement.com.

    Update on Settlement Implementation

    Following receipt of the Order, “Settlement Effective Date” (referred to under the s155 Proposal
    and SIHNV’s Composition Plan) is expected to occur on or about 15 February 2022.

    The implementation of the Global Settlement requires numerous steps to be taken and
    payments to be made on and around the Settlement Effective Date.

    SIHNV and SIHPL have undertaken preparations for the co-ordination of the steps required and
    will separately contact those counterparties who need to take any action (for example, to
    receive funds and/or PPH shares).

    No actions are currently required by any party prior to the Settlement Effective Date unless
    specifically requested by Steinhoff and/or its advisers.

    As disclosed in Steinhoff’s announcement of 15 December 2021, formal withdrawal of the
    various litigation that has been settled, including the withdrawal of the Liquidation Application
    against SIHNV will occur immediately following Settlement Effective Date. Occurrence of
    Settlement Effective Date is the remaining condition under SIHNV’s Composition Plan.

    Further Information
    Further updates will be provided as and when appropriate.

    Claimants are able to review additional information in relation to the Steinhoff Group global
    settlement 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

    24 January 2022

    JSE Sponsor: PSG Capital

    Date: 24-01-2022 12:05:00
    Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
    The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
    the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
    indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
    information disseminated through SENS.
17.282 Posts
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