DGAP-News: Steinhoff International Holdings N.V. / Key word(s):
Miscellaneous
Steinhoff International Holdings N.V.: PEPKOR HOLDINGS LIMITED ('PEPKOR') -
ACCELERATED BOOKBUILD
2020-06-24 / 07:30
The issuer is solely responsible for the content of this announcement.
*PEPKOR HOLDINGS LIMITED ("PEPKOR") - ACCELERATED BOOKBUILD*
Steinhoff International Holdings N.V. (the "Company" and with its
subsidiaries, the "Group"). Shareholders of the Company and holders of the
cumulative, non-redeemable, non-participating, variable rate preference
shares issued by Steinhoff Investments Holdings Limited are referred to
Pepkor's announcements published yesterday and today.
Yesterday Pepkor announced its intention to conduct a non pre-emptive
placing of up to 172.5 million ordinary shares in the authorised but
unissued share capital of the Company (the "*Placement Shares*") to certain
institutional investors (the "*Placement*"), which represents up to 4.95% of
the Company's existing issued ordinary shares.
The Placement is a precautionary measure to strengthen Pepkor's financial
flexibility and liquidity position in the light of the continuing COVID-19
pandemic and resulting macro-economic pressure. In addition to other
cash-saving initiatives already undertaken by the Group, the Placement will
help Pepkor to further enhance the liquidity profile and increase resilience
of its balance sheet, should a more negative macro-economic scenario
realise.
At the same time Pepkor gave an update on the trading environment since May
2020.
This morning Pepkor announced the successful completion of this bookbuild.
The full announcements are available on Pepkor's website www.pepkor.co.za.
Stellenbosch, 24 June 2020
2020-06-24 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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: investors@steinhoffinternational.com
Internet: www.steinhoffinternational.com
ISIN: NL0011375019
WKN: A14XB9
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1077309
End of News DGAP News Service
1077309 2020-06-24
(END) Dow Jones Newswires
June 24, 2020 01:30 ET (05:30 GMT)
© 2020 Dow Jones News
