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Dutch SoP - Confirmation Of The Composition Plan By The Court
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
DUTCH SoP - CONFIRMATION OF THE COMPOSITION PLAN BY THE COURT
Steinhoff International Holdings N.V. (“SIHNV” or the “Company”) announces that the District
Court of Amsterdam (the “Court”) has today issued an order confirming (homologeren)
SIHNV’s composition plan (akkoord).
The Court’s order will become final, SIHNV’s suspension of payments procedure will terminate
and SIHNV’s composition plan will become binding (verbindendverklaard) following an eight-
day period if no appeal is lodged within that period. The decision of the Court follows the
unanimous approval of the SIHNV composition plan by the 15 member committee of
representation on 8 September 2021.
Louis du Preez, Chief Executive Officer and Management Board member, said:
“While our task is not yet complete, this judgment is a further significant milestone in concluding
the global litigation settlement. With the decision of the Dutch committee of representation
and the Court, together with the positive voting in all of the recent claimant meetings in South
Africa, we have seen overwhelming support for our global settlement proposal. We will
continue to work on the final approvals required that will allow us to deliver the financial
compensation detailed in the settlement proposal.”
The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on
the JSE Limited.
Stellenbosch, South Africa
23 September 2021
JSE Sponsor: PSG Capital
Date: 23-09-2021 04:00:00
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