STEINHOFF INTERNATIONAL HOLDINGS N.V. - COMMENCEMENT OF WAIVER PROCESS - PROPOSALS REGARDING CERTAIN CONVERTIBLE BONDS
6 February 2018 13:15
SNH 201802060031A
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:
NL0011375019Steinhoff – 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