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STEINHOFF INTERNATIONAL HOLDINGS N.V. - Hemisphere Lock-Up Agreement: Extension Of Long-Stop Date

Release Date: 27/08/2018 07:05
Code(s): SNH SHFF     PDF:  
Wrap Text
Hemisphere Lock-Up Agreement: Extension Of Long-Stop Date

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)
ISIN: ZAE000068367

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

The Company refers to its announcement of 26 July 2018 (the “July Announcement”) noting
that the terms of a lock-up agreement with respect to the implementation of the potential
restructuring of the financial indebtedness of Hemisphere International Holdings B.V.
(“Hemisphere”) (the “Hemisphere LUA”) had become effective in accordance with its terms,
and its subsequent related announcements of 6 August 2018 and 21 August 2018.

The Company and the third-party creditors under Hemisphere’s EUR750mm revolving credit
facility (the “Hemisphere Lenders”) are continuing discussions on implementation of the
restructuring of the financial indebtedness of Hemisphere (the “Hemisphere Restructuring”).
The parties to the Hemisphere LUA are now seeking to execute the material documents
required to implement the Hemisphere Restructuring by 31 August 2018.

The Hemisphere LUA has been amended accordingly and the relevant amendment
agreement is available at Stakeholders should seek their own
legal and financial advice should they have any queries in relation to the contents.

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, 27 August 2018

Date: 27/08/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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