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

STEINHOFF INTERNATIONAL HOLDINGS N.V. - Extension to deadline for notification of nominees to receive Consent Fees under Support Letters

Release Date: 16/11/2018 15:35
Code(s): SNH SHFF     PDF:  
Wrap Text
Extension to deadline for notification of nominees to receive Consent Fees under Support Letters

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

Extension to deadline for notification of nominees to receive Consent Fees under Support
Letters for Steinhoff Europe AG (“SEAG”) and Steinhoff Finance Holding GmbH (“SFH”)

Steinhoff International Holdings N.V. (the "Company") together with its subsidiaries (the
“Group”) refers to the announcements on 6 November 2018 and 14 November 2018 (the
“Relevant Announcements”) respectively in connection with the confirmation of entitlements
of creditors to Consents Fees under the relevant Support Letter(s). Terms used but not otherwise
defined shall have the same meaning as in the Relevant Announcements (including where
incorporated by way of cross-reference).

Following feedback from a number of creditors and/or financial brokers and intermediaries,
the Company has opted to extend the deadline for Original Parties (or any broker on its behalf)
to notify Lucid Issuer Services Limited as calculation agent (“Lucid”) of any third party who they
wish to nominate as being entitled to receive all or part of their Consent Fees under the
relevant Support Letter(s) by no later than 5pm (UK) on Friday, 7 December 2018. Creditors (or
the relevant brokers) are kindly requested to make this confirmation by logging on to the
following website hosted by Lucid https://www.lucid-is.com/steinhoffsupportletter2. Any
subsequent trades should then be notified to Lucid by the nominated third party by sending
an email to steinhoff@lucid-is.com.

Upon the successful completion of the restructuring, the Company shall honour any Consent
Fees payable to:

   (i)     the details of any nominee provided to Lucid in connection with the
           aforementioned verification exercise; or

   (ii)    in the absence of a nominee, the Original Party under the relevant Support Letter(s)
           (where such party has re-confirmed its entitlements to Lucid pursuant to the
           instructions set out in the announcement dated 6 November 2018).

Where an Original Party has not reconfirmed its entitlement to the Consent Fees to Lucid
and/or it is not possible to identify the ultimate beneficiary of the Consent Fees, the Company
(or its nominee) shall continue to hold such entitlements for creditors for a specified time post-
closing pending resolution of the disputed or unverified claim.

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, 16 November 2018

Date: 16/11/2018 03:35:00 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