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Steinhoff International Holdings N.V. : ​​​​​​​STEINHOFF GLOBAL SETTLEMENT - UPDATE ON DUTCH HEARING

·2-min read

DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous
08.02.2021 / 13:00
The issuer is solely responsible for the content of this announcement.

STEINHOFF GLOBAL SETTLEMENT - UPDATE ON DUTCH HEARING

Steinhoff International Holdings N.V. ("SIHNV" or the "Company", together with its subsidiaries, the "Steinhoff Group") previously announced that a hearing had been scheduled for 8 February 2021 in the Amsterdam District Court following a request by Conservatorium Holdings LLC ("Conservatorium") to appoint a restructuring expert to SIHNV pursuant to Article 371 of the Dutch Bankruptcy Act (enacting elements of the recently enacted pre-insolvency proceedings, Wet Homologatie Onderhands Akkoord ter voorkoming van faillissement)("Application"). SIHNV also informed the market that it is challenging that Application.

The Application was due to be heard by the Amsterdam District Court today. Conservatorium and SIHNV have requested that the Court defer the hearing for one week to 15 February 2021. The court has confirmed that the Application will be heard on 15 February 2021.

As usual, further updates will be provided in due course as the Group continues with the implementation of the Proposed Settlement.

The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.

Stellenbosch, South Africa

8 February 2021


08.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Steinhoff International Holdings N.V.

cnr Adam Tas and Devon Valley Road

7600 Stellenbosch

South Africa

Phone:

+27218080700

Fax:

+27218080800

E-mail:

investors@steinhoffinternational.com

Internet:

www.steinhoffinternational.com

ISIN:

NL0011375019

WKN:

A14XB9

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1166686


 

End of News

DGAP News Service

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