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STEFANUTTI STOCKS HOLDINGS LIMITED - Update to shareholders

Release Date: 19/12/2019 15:49
Code(s): SSK     PDF:  
Wrap Text
Update to shareholders

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK         ISIN: ZAE000123766
(“Stefanutti Stocks” or “the company” or “the group”)


UPDATE TO SHAREHOLDERS


The board of Stefanutti Stocks hereby provides shareholders with an update on the Funding Plan as
reported in the Unaudited Condensed Consolidated Results of Stefanutti Stocks for the 6 months
ended 31 August 2019 (Results).


Shareholders are advised that its primary banker and guarantee providers (the Lenders) have
provided the group with additional secured short-term funding amounting to R227,5 million (third
tranche) on 19 December 2019. As outlined in the Results, the group remains in discussions with the
Lenders to secure additional tranches of funding and explore and evaluate longer term cost effective
funding solutions.




19 December 2019
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 19-12-2019 03:49:00
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