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STEINHOFF INTERNATIONAL HOLDINGS N.V. - Notice Of Request For Written Consent Of DMTN Noteholders To Redeem Notes

Release Date: 24/01/2018 17:30
Code(s): SNH     PDF:  
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Notice Of Request For Written Consent Of DMTN Noteholders To Redeem Notes

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


STEINHOFF – NOTICE OF REQUEST FOR WRITTEN CONSENT OF DMTN NOTEHOLDERS TO REDEEM
NOTES


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


Shareholders are referred to the Company’s announcement dated 18 January 2018 and more
particularly the measures being undertaken to manage the redemption of some of the
financial indebtedness in South Africa. In this regard, Steinhoff Services Limited, a wholly
owned indirect subsidiary of the Company (“Services”) and issuer of the ZAR15,000,000,000
Domestic Medium Term Note Programme (the “Programme”) today sent a notice to holders
of its Notes under the Programme (the “Noteholders”) requesting written consent from the
Noteholders to reduce the maturity date to 23 February 2018 (the “Amended Maturity Date”)
(the “Consent”) by amending the terms of the Programme. The Noteholders are required to
provide the Consent by no later than 17h00 on 20 February 2018 in accordance with the terms
and conditions of the Programme.


Should the Consent be obtained from the requisite majority of the Noteholders, Services will
proceed to redeem the capital outstanding under the Programme amounting to
ZAR7,600,000,000 together with any accrued interest thereon on the Amended Maturity Date,
such redemption will be made out of funds available within the Group’s South Africa business.


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, 24 January 2018

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