To view the PDF file, sign up for a MySharenet subscription.

STEINHOFF INTERNATIONAL HOLDINGS N.V. - Commencement Of Waiver Process - Proposals Regarding Certain Convertible Bonds

Release Date: 06/02/2018 13:15
Code(s): SNH     PDF:  
Wrap Text
Commencement Of Waiver Process - Proposals Regarding Certain Convertible Bonds

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

Steinhoff – Commencement of waiver process - proposals regarding certain convertible bonds

Steinhoff International Holdings N.V. (the “Company” and with its subsidiaries, the “Group”)

Following the Company’s announcement on 2 February 2018 that it would shortly be
commencing a limited waiver proposal process, the Company has today begun the process
by seeking waivers from the holders of the €465 million convertible bonds due 2021, the €1,116
million convertible bonds due 2022 and the €1,100 million convertible bonds due 2023 issued
by Steinhoff Finance Holding GmbH (the “Bonds”). The waivers being sought from the holders
of the Bonds relate to the failure by the issuer to deliver certificates of compliance in light of
the accounting irregularities announced by the Company on 5 December 2017 and related
matters.

Shareholders and other investors in the Company are advised to exercise caution when
dealing in the securities of the Group.

JSE Sponsor: PSG Capital

Stellenbosch, 6 February 2018

Date: 06/02/2018 01:15:00 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.

Share This Story