Dgap steinhoff. Steinhoff International Holdings N.V. : STEINHOFF ANNOUNCES A CAPITAL INCREASE

Aktuelle Finanznachrichten und Börseninfos direkt von der Quelle

dgap steinhoff

The Subscription Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing ordinary shares of the Company. About Unitrans Motors Group Unitrans was established in the 1920's and operates one of the largest automotive dealer networks in South Africa with 99 dealerships country wide. The Group is therefore continuing to implement the Remediation Plan developed to address previously identified weaknesses in, and to substantially enhance standards of, corporate governance and control. Therefore, the Steps Plan sets out the steps required for the Group to make use of certain restructuring procedures under applicable law that may facilitate the implementation of the Restructuring with lower approval thresholds required to bind dissenting or non-consenting creditors assuming the statutory approval thresholds and other requirements are met. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Global Coordinators nor any of their respective affiliates or agents or any of their respective directors, officers, employees or advisers for the contents of the information contained in this Announcement, or any other written or oral information made available to or publicly available to any interested party or its advisers, or any other statement made or purported to be made by or on behalf of any Global Coordinator or any of their respective affiliates in connection with the Company, the New Shares or the Placing and any responsibility therefor is expressly disclaimed.

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Steinhoff International Holdings N.V. : STEINHOFF ANNOUNCES A CAPITAL INCREASE

dgap steinhoff

Persons needing advice should consult an independent financial adviser. . The issuer is solely responsible for the content of this announcement. The full text of the joint announcement follows below. Ms Radema is a Dutch lawyer with extensive experience in Dutch corporate law and governance of listed companies. About Kapela Holdings Kapela Holdings is a black owned Investment Holding company, established 13 years ago.

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DGAP

dgap steinhoff

The issuer is solely responsible for the content of this announcement. Stellenbosch, 30 March 2020 30. On recommendation of the Supervisory Board, the Management Board of the Company is pleased to announce the appointment of Ms Sarah Radema as Company Secretary to Steinhoff International Holdings N. Intercompany debt owing from Finance Holding to Steinhoff Investment Holdings Ltd to be 2 nd ranking debt. London time on Friday 15 June 2018; and - 50% of the Consent Fee in respect of the Holding Support Letter will only be payable to Relevant Creditors who are party to the Holding Support Letter by 2 p. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. You should not place undue reliance on forward-looking statements, which speak only as of the date of this Announcement.

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Steinhoff International Holdings N.V. : RESTRUCTURING UPDATE

dgap steinhoff

The Group is also active in seven French overseas territories and in Asia. The plan is fundamental to strengthening the governance structure of the business and is being rolled out with determination. No statement in this Announcement is or is intended to be a profit forecast or profit estimate or to imply that the earnings of the Company for the current or future financial years will necessarily match or exceed the historical or published earnings of the Company. This Announcement is being issued by and is the sole responsibility of the Company. Steinhoff is pleased to announce that the parties have today issued a joint announcement updating shareholders on the progress of the Unitrans transaction. Kapela Holdings, a South African majority black owned investment group, has executed a Share Purchase Agreement with Steinhoff for the acquisition of the remaining 25. Past performance is no guide for future performance and persons reading this Announcement should consult an independent financial adviser.

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Steinhoff International Holdings N.V. : RESTRUCTURING UPDATE

dgap steinhoff

The Supervisory and Management Boards thank Mr van Gellicum for his valued contribution to Steinhoff during his tenure and wish him well in his future endeavours. The Global Coordinators do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so. In addition, a litigation committee will be established by each of the Company's boards to oversee material litigation claims in respect of the Group. The company has a significant market share of the top selling affordable brands, as well as a number of luxury brands. In connection with the Placing, each of the Global Coordinators and any of their affiliates, acting as investors for their own account, may take up a portion of the shares in the Placing as a principal position and in that capacity may retain, purchase, sell, offer to sell for their own accounts such shares and other securities of the Company or related investments in connection with the Placing or otherwise. The rollover and maturity fees identified above will be capitalised and added to the principal amount of the reinstated debt in accordance with the Term Sheet upon the implementation and completion of the Restructuring.

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Steinhoff International Holdings N.V. : Change in Company Secretary of Steinhoff International Holdings N.V.

dgap steinhoff

The accelerated bookbuilding has started immediately following Steinhoff's ad hoc announcement dated 28 September 2016. These statements are subject to unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. The Consent Fee is calculated based on 50% of a Relevant Creditor's subordinated claim at a particular date but described further below. In addition Hertz car rental outlets are included in this segment. Change in Company Secretary of Steinhoff International Holdings N. During August 2019 Pepco Group concluded a refinancing of its banking facilities and, in doing so, reduced the overall level of financing costs for the Pepco Group business. Given the complexity of the Steinhoff litigation landscape there can be no certainty that resolution of the disputes can be achieved prior to a final determination by the relevant Courts but the Litigation Working Group continues to explore the possibility of finding an acceptable solution to the current disputes.

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