Steinhoff International Holdings N.V. in liquidatie
Steinhoff International Holdings N.V. : UPDATE ON STEINHOFF SEAG CPU SCHEME
DGAP-News: Steinhoff International Holdings N.V.
/ Key word(s): Miscellaneous
UPDATE ON STEINHOFF SEAG CPU SCHEME On 27 November 2020 (the “November Announcement“) Steinhoff International Holdings N.V. (“SIHNV” and together with its subsidiaries, “Steinhoff“) announced that it had obtained an order from the English High Court to convene meetings of the Facility A1 SEAG creditors and the Facility A2 SEAG creditors to consider and, if thought fit, approve the proposed English law scheme of arrangement (the “SIHNV/SEAG CPU Scheme“). Meetings of each class of creditor were held on 15 December 2020. Steinhoff is pleased to announce that at those meetings the resolutions put to the relevant classes of financial creditors were approved by the requisite majorities of Facility A1 SEAG creditors and the Facility A2 SEAG creditors present and voting (in person or by proxy). The final votes cast by the respective classes of creditor pursuant to the SIHNV/SEAG CPU Scheme are as follows:
Following approval from the relevant creditors, SIHNV will now seek sanction of the terms of the SIHNV/SEAG CPU Scheme from the High Court of England. This application is currently scheduled to be heard on 26 January 2021 and 27 January 2021 via videoconference, commencing at 2pm (London time) on 26 January 2021. Further Information Further information on the Proposed Settlement, including a Frequently Asked Questions document, is available on the following website: https://www.steinhoffinternational.com/settlement-litigation-claims.php. On this website, claimants may submit their contact and claim details, inform Steinhoff of their intention to support the Proposed Settlement and register for updates. Alternatively, Steinhoff’s investor relations team can be contacted by email at settlement@steinhoff.co.za. As usual, further updates will be provided in due course as the Group continues with the implementation of the Proposed Settlement. The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited. Stellenbosch, South Africa 15 December 2020
15.12.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | 1155420 |
End of News | DGAP News Service |