SHF - Steinhoff - Results of special resolution required in connection with
SHF
SHF
SHF - Steinhoff - Results of special resolution required in connection with
the Acquision by Steinhoff of an equity interest in PSG Group Limited
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(Registration number 1998/003951/06)
Incorporated in the Republic of South Africa
JSE Code: SHF ISIN: ZAE000016176
("Steinhoff")
RESULTS OF SPECIAL RESOLUTION REQUIRED IN CONNECTION WITH THE ACQUISION BY
STEINHOFF OF AN EQUITY INTEREST IN PSG GROUP LIMITED ("PSG")
1. Steinhoff shareholders are referred to the notice to shareholders dated
22 December 2011 ("the Notice") in connection with the acquisition by
Steinhoff of a 20% shareholding in PSG ("the Acquisition"), and,
specifically, the proposed issue of 31 635 884 Steinhoff shares to
Mayfair Speculators Proprietary Limited ("the Mayfair Issue") as one of
the vendors of the PSG shares to be acquired by Steinhoff. The 20
business day period referred to in paragraph 6 of the Notice expired by
the close of business on 27 January 2012 ("Closing Date").
2. As at the Closing Date, the Special resolution referred to in paragraph
3 of the Notice was approved by Steinhoff shareholders by a majority of
81.9% of the total votes that were received in response to the Notice.
Accordingly, the special resolution has been adopted by the requisite
majority of shareholders as a result of which the Mayfair Issue has now
become unconditional.
3. All of the Steinhoff consideration shares in respect of the acquisition
will be issued and a listing application in respect of those shares has
been submitted to the JSE Limited.
4. Accordingly, Steinhoff has acquired a total of 36 915 781 PSG shares,
representing a shareholding of 20% of PSG`s issued share capital (net
of treasury shares).
Wynberg, Sandton
30 JANUARY 2012
SPONSOR: PSG CAPITAL PROPRIETARY LIMITED
Date: 30/01/2012 12:04:50 Produced by the JSE SENS Department.
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