Steinhoff - Results Of The ZAR 1.5 Billion Interna
SHF
SHF
Steinhoff - Results Of The ZAR 1.5 Billion International Offering Of Convertible
Bonds
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration no. 1998/003951/06)
Ordinary share code: "SHF"
ISIN: ZAE000016176
("Steinhoff" or "the Issuer")
RESULTS OF THE ZAR 1.5 BILLION INTERNATIONAL OFFERING OF CONVERTIBLE BONDS
Steinhoff announces that its International offering of ZAR 1.5 billion
convertible bonds due 2013 (`the Bonds") has been successfully concluded and
well over-subscribed. The terms of the Bonds have been fixed as follows:
- issue size is ZAR 1.5 billion;
- conversion price has been set to ZAR 27.40 per ordinary share, which
represents a 32.5 per cent. premium over the volume weighted average price
of an ordinary share of the Issuer on the JSE Limited (JSE) from launch to
pricing;
- the coupon (i.e. interest rate) has been set to 5.7 per cent per annum;
- the Bonds are convertible into 54.74 million ordinary shares of the Issuer
based on the above conversion price, which represents 4.8% of the Issuer"s
current issued ordinary share capital.
The Bonds are expected to be issued and settled on or about 30 June 2006.
Approval in-principle has been received for the listing and trading of the Bonds
on the Singapore Stock Exchange.
By order of the Board
Company Secretary
Wynberg, Sandton
22 June 2006
Company Sponsor - PSG Capital Limited
Date: 22/06/2006 03:27:21 PM Produced by the JSE SENS Department
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