SHF
SHF
SHF - Steinhoff - BCM acquisition becomes unconditional
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration no. 1998/003951/06)
Ordinary share code: "SHF"
ISIN: ZAE000016176
("Steinhoff")
BCM ACQUISITION BECOMES UNCONDITIONAL
Further to the related reference under "Corporate Activity" in the results
announcement of Steinhoff dated 10 September 2007, shareholders are advised
that the acquisition by Steinhoff Africa Holdings (Pty) Limited, or its
nominated subsidiary, of the businesses from Geros Beteiligungs AG ("Geros"),
excluding Buffalo Textiles (Pty) limited, has now become unconditional. The
net purchase consideration amounts to R120,8 million and have been satisfied
by the allotment and issue of 5 139 902 new Steinhoff shares at an issue price
of 2351 cps ("the issue price").
Geros is ultimately controlled by Mr CE Daun, a non-executive director of
Steinhoff. All of the 3 801 605 Steinhoff shares accruing to Geros under this
transaction have been placed as a vendor consideration placing with non-
resident investors for cash at the issue price.
A listing for all of the consideration shares have been granted on the JSE
Limited with effect from 06 November 2007.
Wynberg, Sandton
6 November 2007
Sponsor - PSG Capital (Pty) Ltd
Date: 06/11/2007 12:22:01 Produced by the JSE SENS Department.
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