STEINHOFF INTERNATIONAL HOLDINGS N.V. - VEB / European Investors And Steinhoff Extend Standstill
SNH SHFF 201904020003A
VEB / European Investors And Steinhoff Extend Standstill
Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019
Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
ISIN: ZAE000068367
VEB / European Investors and Steinhoff extend standstill
Steinhoff International Holdings N.V. ("Steinhoff" and with its subsidiaries, the "Group").
Investment group VEB/European Investors and global retailer Steinhoff have agreed to extend
the suspension of the collective action between them in The Netherlands for a further six-weeks
until 15 May 2019. After the suspension, VEB/European Investors and Steinhoff are both free to
continue the legal proceedings or to reach a settlement for affected shareholders through
negotiations.
VEB/European Investors, as a collective representative, has sued Steinhoff in the Dutch court
for certain financial statements, prospectuses and press releases, which according to VEB are
incorrect and misleading.
The suspension will grant Steinhoff time to continue the ongoing restructuring of its business,
make further progress with the internal investigations and finalise its 2017 and 2018 financial
statements.
VEB/European Investors agreed to the extension because it further supports the stabilisation of
the company, which is in the interest of both the current and former shareholders of Steinhoff.
Shareholders and other investors in Steinhoff are advised to exercise caution when
dealing in the securities of the Group.
JSE Sponsor: PSG Capital
Stellenbosch, 2 April 2019
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