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Ad-hoc: Steinhoff International Holdings N.V. : UPDATES ON PROCESS

Zeit: 11.12.17 11:24

Steinhoff International Holdings N.V. / Key word(s): Miscellaneous

Steinhoff International Holdings N.V. : UPDATES ON PROCESS

10-Dec-2017 / 20:19 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

STEINHOFF INTERNATIONAL HOLDINGS N.V. - UPDATES ON PROCESS

Stellenbosch, 10 December 2017

Reference is made to the announcement released on 8 December 2017, in which the Steinhoff International Holdings N.V. Group ("the Group") announced the rescheduling of its regular annual lender meeting in London from 11 December to 19 December 2017. In advance of this meeting, the Group wishes to provide the following updates:


Appointment of an International Advisory Team

The Group announces that Moelis & Company ("Moelis") and AlixPartners have been appointed as independent financial advisor and operational advisor respectively with immediate effect. Moelis will support and advise on the Group's discussions with its lenders, while AlixPartners will assist on liquidity management and operational measures.

Immediate Stabilisation

The Group is currently fully focussed on safeguarding operational liquidity to continue funding existing operations throughout its various subsidiaries. In this context, the Group is asking for and requires continued support in relation to existing facilities from all its lenders to achieve an immediate stabilisation of the Group's financing.

Lender Meeting

The purpose of the meeting will be for the Group to provide an update on its ongoing operational and financial situation. An agenda for the meeting will be circulated ahead of 19 December 2017.

Caution

Shareholders and other investors in the company are advised to exercise caution when dealing in the securities of the group.

10-Dec-2017 CET/CEST 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.

Herengracht 466

1017 CA Amsterdam

Netherlands

Phone: +27218080700

Fax: +27218080800

E-mail: investors@steinhoffinternational.com

Internet: www.steinhoffinternational.com

ISIN: NL0011375019

WKN: A14XB9

Indices: MDAX

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

End of Announcement DGAP News Service


Wertpapiere zu dieser Nachricht

Name Börse Vortag Erster Hoch Tief Letzter Volumen Zeit %
Steinhoff International Holdings NV Xetra 0,119 0,115 0,157 0,105 0,140 10.327.604 17.08.18 +17,85

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