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BRIEF-Steinhoff updates on options to acquire stake in Shoprite Holdings Ltd
August 4, 2017 / 3:03 PM / 2 months ago

BRIEF-Steinhoff updates on options to acquire stake in Shoprite Holdings Ltd

Aug 4 (Reuters) - STEINHOFF INTERNATIONAL HOLDINGS LTD :

* STEINHOFF INTERNATIONAL HOLDINGS - OPTIONS TO ACQUIRE INTERESTS IN SHOPRITE HOLDINGS LIMITED

* CONSIDERATION PAYABLE FOR EXERCISE OF CALL OPTIONS FOR AN AMOUNT OF R4.0 BILLION

* AFTER IMPLEMENTATION OF CALL OPTIONS EXERCISED AND IMPLEMENTED, STEINHOFF WILL HOLD ABOUT 22.7% OF ECONOMIC INTEREST AND 50% OF RIGHTS IN SHOPRITE Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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