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Steinhoff International Holdings N.V. : ​​​​​​​DUTCH SoP - CONFIRMATION OF THE COMPOSITION PLAN BY THE COURT

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DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous
23.09.2021 / 16:00
The issuer is solely responsible for the content of this announcement.

 

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


23.09.2021 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:

1235659


 

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