Steinhoff - Directors` Share Dealing
Share Code: SHF
ISIN: ZAE000016176
Company : Steinhoff International Holdings Limited
("SHF")
Name of Director : Claas Edmund Daun
Number of securities : 12 756 774
Type of securities : Ordinary shares
Date of transaction : Friday, 27 September 2002
Nature of transaction and price: Mr Daun, through Daun & Cie AG ("Daun &
Cie"), acquired a significant interest in a
newly formed industrial group of private
companies, including BCM Holdings
(Proprietary) Limited and Metz Industrial
Holdings (Proprietary) Limited, whose
business comprises, inter alia, the
manufacture of bedding and other components,
with a view of increasing its exports from
South Africa. Daun & Cie discharged a
portion of the purchase price payable, by the
transfer of the above number of shares to the
various vendors and their nominees. The
shares have been valued at a price of 800
cps, being the highest traded price per
Steinhoff share on Monday, 2 September
2002,which was the first practicable date
after the transaction has become
unconditional. The agreements recording this
transaction were subject to a number of
suspensive conditions which included the
approval of the Competition Commission. The
conditions have now been fulfilled and
settlement and delivery in terms of the
relevant agreements is due to take place by
no later than 30 September 2002.
Date: 27/09/2002 04:40:00 PM Produced by the JSE SENS Department
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