DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s):
Miscellaneous
Steinhoff International Holdings N.V.: Sale of shares in PSG Group Limited
15-Dec-2017 / 15:01 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 - Sale of shares in PSG *
Steinhoff International Holdings N.V. (the "Company")
The Company has today sold approximately 20.6 million shares in PSG Group
Limited ("PSG"), an indirect affiliate of the Company (the "Share Sale").
The sale price was R230 per PSG share. The Share Sale relates to
approximately 9.5% of the issued share capital of PSG (net of treasury).
Following the Share Sale, the Company's indirect interest in PSG has reduced
from 25.5% to approximately 16.0%. The proceeds from the Share Sale, before
costs, amount to approximately ZAR4.7 billion (being approximately EUR293
million). The proceeds will be used in support of operational activities.
The Share Sale is expected to settle on Wednesday, 19 December 2017.
Shareholders and other investors in the Company are advised to exercise
caution when dealing in the securities of the group.
15-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
639611 15-Dec-2017 CET/CEST
(END) Dow Jones Newswires
December 15, 2017 09:01 ET (14:01 GMT)
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