EQS-News: Steinhoff International Holdings N.V. : Publication 2022 Annual Report and Update on Maturity Extension
EQS-News: Steinhoff International Holdings N.V.
/ Key word(s): Annual Report
Steinhoff International Holdings N.V. – Publication 2022 Annual Report and Update on Maturity Extension Steinhoff International Holdings N.V. (the “Company” or “Steinhoff” and with its subsidiaries, the “Steinhoff Group”).
Publication of 2022 Annual Report The Company has today published its Annual Report, including the audited Consolidated Financial Statements, for the year ended 30 September 2022. This report is available on the Company’s website https://www.steinhoffinternational.com/annual-reports.php and will also be available on the JSE’s website at: https://senspdf.jse.co.za/documents/2023/jse/isse/snhe/AR2022.pdf
Update on the Proposals to extend the upcoming maturities of the Group Services’ Debt In order to maintain financial stability of the Steinhoff Group, and to prevent the consequences that may follow from the Group Services’ Debt maturing on 30 June 2023, the Company announced, on 15 and 16 December 2022, that it had proposed a Maturity Extension Transaction and related terms that address the maturity of the Group Services’ Debt and provides further time for the Steinhoff Group to fully realise the Group’s investments and assets in an orderly manner. The Company provided a further update on the Maturity Extension Transaction on 5 January 2023. As noted in the 15 December 2022 announcement, the equity reorganisation elements of the proposed Maturity Extension Transaction will be subject to a shareholders’ general meeting. It was also noted that that meeting would be called with the required notice period and that the resolutions for the meeting would be explained and set out in a circular to shareholders.
Notice of Annual General Meeting As disclosed on the Steinhoff website, the Annual General Meeting (“AGM”) of the Company is scheduled to take place on 16 March 2023. The agenda for the AGM will also include the proposal to approve the Maturity Extension Transaction (including the equity reorganisation elements). Steinhoff intends to publish the notice for that AGM ultimately on 2 February 2023.
Shareholder Circular Simultaneously with the publication of the Notice of AGM, referred to above, a circular will be issued to shareholders. This circular will include further background, details and explanations regarding the proposals to approve the Maturity Extension Transaction including the equity reorganisation elements.
The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited. Stellenbosch, 27 January 2023
27.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
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: | [email protected] |
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: | 1545407 |
End of News | EQS News Service |
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1545407 27.01.2023 CET/CEST