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STEINHOFF INTERNATIONAL HOLDINGS LD - Results of the capitalisation share issue award and the annual general meeting

Release Date: 03/12/2012 17:27
Code(s): SHF     PDF:  
Wrap Text
Results of the capitalisation share issue award and the annual general meeting

STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration no.: 1998/003951/06)
Ordinary share code: “SHF”
ISIN: ZAE000016176
(“the Company”)

RESULTS OF THE CAPITALISATION SHARE ISSUE AWARD AND THE
ANNUAL GENERAL MEETING

Shareholders are referred to the 2012 distribution
finalisation announcement released on the Securities
Exchange News Service (“SENS”) and published in the press
on 15 November 2012 and 16 November 2012, respectively.

The offer to receive the cash distribution in lieu of the
capitalisation share award made to shareholders closed on
Friday, 30 November 2012 at 12:00.

76.92% of shareholders retained the capitalisation share
issue award. Accordingly, 46 869 791 new ordinary shares in
the Company have been issued. Elections to receive the cash
distribution of 80 cents per share were made in respect of
411 646 349 ordinary shares (23.08% of the Steinhoff’s
issued shares), totalling an aggregate cash distribution of
R329 317 079.20.

An adjustment to the maximum number of shares listed in
respect of the capitalisation award will be made on or
about Wednesday, 5 December 2012.

Share certificates in respect of the capitalisation shares
and cheques in respect of the distribution entitlements are
in the process of being dispatched to certificated
shareholders.   The Central Securities  Depository
Participant accounts of uncertificated Steinhoff
shareholders have been updated or credited, as the case may
be, on Monday, 3 December 2012.

RESULTS OF AGM

Shareholders are advised that all the ordinary and special
resolutions proposed in the Notice convening the AGM dated
5 November 2012, were passed by the requisite majorities of
shareholders present and represented by proxy and being
entitled to vote at the AGM (with assenting voting percentages
ranging from 80.67% to 100.0%) Shareholders representing 87.83% 
of the issued share capital and being eligible to attend and vote,
were present or represented by proxy at the AGM.

CEO’S COMMENTS

In response to a question at the meeting, the CEO of
Steinhoff provided high level commentary on the trading
performance of the group for the 2013 financial year to
date.

“Overall the group delivered a satisfactory performance for
the financial year to date.

Despite challenging trading conditions in Europe, the
Group’s European retail operations continued to gain market
share.

Due to the listed nature of the Group’s investments in
Africa, it would not be appropriate for Steinhoff to
comment on the performance of KAP International Holdings
Limited, JD Group Limited or PSG Group Limited.”


Steinhoff Africa Secretarial Services Proprietary Limited
Company Secretary

Wynberg, Sandton
3 December 2012
Sponsor: PSG Capital Proprietary Limited

Date: 03/12/2012 05:27:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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