DGAP-Ad-hoc: 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
637443 10-Dec-2017 CET/CEST
(END) Dow Jones Newswires
December 10, 2017 14:19 ET (19:19 GMT)
