SNH: STEINHOFF INTERNATIONAL HOLDINGS N.V. - Steinhoff - Automatic Termination Of Voting Pool Arrangements
Steinhoff - Automatic Termination Of Voting Pool Arrangements
Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019
Steinhoff - Automatic termination of voting pool arrangements
Steinhoff International Holdings N.V. (the "Company")
The Company has today been informed that various banks that provided funding to an
entity ultimately held and controlled by Dr Christo Wiese, have enforced their security rights
over approximately 98.4 million shares in the Company held by that entity and sold such
shares (the "Share Sale").
The entity in question was a member of the voting pool which consisted of certain
shareholders of the Company. The parties to the voting pool had committed to certain
arrangements with respect to their voting rights in the Company, including an agreement
to jointly exercise substantial control (gezamenlijke overwegende zeggenschap) over the
Company. The Company has been informed that the voting pool arrangements (including
the joint exercise of substantial control) have automatically and immediately terminated
as a result of the combined voting interest falling below 30%, which happened as a result
of the Share Sale.
Shareholders and other investors in Steinhoff are advised to exercise caution when dealing
in the securities of the Group.
Sponsor: PSG Capital
Stellenbosch, 14 December 2017
Date: 15/12/2017 07:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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2017-12-15
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Steinhoff International Holdings NV published this content on 15 December 2017 and is solely responsible for the information contained herein.
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