Edition:
United Kingdom

Steinhoff International Holdings NV (SNHJ.J)

SNHJ.J on Johannesburg Stock Exchange

754.00ZAc
19 Jan 2018
Change (% chg)

63.00 (+9.12%)
Prev Close
691.00
Open
700.00
Day's High
807.00
Day's Low
698.00
Volume
12,620,111
Avg. Vol
25,035,721
52-wk High
7,401.00
52-wk Low
375.00

Latest Key Developments (Source: Significant Developments)

S.Africa's PSA Prepares To Lodge High Court Urgent Application Against Steinhoff
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - S.AFRICA'S PUBLIC SERVANTS ASSOCIATION ::PSA PREPARING TO LODGE HIGH COURT URGENT APPLICATION AGAINST STEINHOFF INTERNATIONAL HOLDINGS ‍​.  Full Article

Aspen Pharmacare Says Has Had No Contact With Viceroy Research
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Aspen Pharmacare Holdings Ltd ::HAS HAD NO CONTACT WITH VICEROY RESEARCH AND, AS SUCH, IS UNABLE TO CONFIRM THAT SPECULATION IS CORRECT.IS NOT AWARE OF ANY INFORMATION OF A PRICE SENSITIVE NATURE THAT REQUIRES COMMUNICATION TO SHAREHOLDERS​.  Full Article

Steinhoff says 2015 accounts to be restated
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Steinhoff International Holdings Nv ::DGAP-NEWS: STEINHOFF INTERNATIONAL HOLDINGS N.V. : RESTATEMENT OF FINANCIAL STATEMENTS OF SUBSIDIARY COMPANIES.‍INTERNAL REVIEW OF ACCOUNTING IRREGULARITIES BY MANAGEMENT TEAM AND PWC INVESTIGATION ARE PROGRESSING​.‍TIMELINE FOR COMPLETION REMAINS UNCERTAIN​.‍CONSOLIDATED STATEMENTS OF FINANCIAL POSITION WILL BE ACCOMPANIED BY A RESTATED COMPARATIVE 2015 STATEMENT​.‍RESTATEMENT OF FINANCIAL STATEMENTS OF STEINHOFF INTERNATIONAL HOLDINGS PROPRIETARY LIMITED FOR YEARS PRIOR TO 2015 IS LIKELY TO BE REQUIRED​.‍DOES NOT BELIEVE THAT RESTATEMENTS WILL APPLY TO STEINHOFF SERVICES LIMITED​.  Full Article

‍Sanlam Updates On Exposure To Steinhoff International Holdings ​
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Sanlam Ltd ::‍SANLAM EXPOSURE TO STEINHOFF INTERNATIONAL HOLDINGS NV​.SANLAM - ‍HAS EXPOSURE TO STEINHOFF INSTRUMENTS IN ON-BALANCE SHEET POLICYHOLDER ,SHAREHOLDER PORTFOLIOS, INVESTMENT PORTFOLIOS MANAGED ON BEHALF OF THIRD PARTY CLIENTS​.- ‍GROUP'S EXPOSURE TO STEINHOFF INSTRUMENTS ORIGINATED FROM NORMAL COURSE OF BUSINESS TRANSACTIONS, WITH MANY OF POSITIONS IN PLACE FOR A NUMBER OF YEARS​.‍EQUITY EXPOSURES WERE IN GENERAL IN LINE WITH OR SLIGHTLY ABOVE STEINHOFF'S BENCHMARK INDEX WEIGHTING ON 1 DECEMBER 2017​.‍DIRECT DEBT EXPOSURES WERE ALSO IN LINE WITH GROUP'S RISK MANAGEMENT FRAMEWORK​.‍BEST ESTIMATE POTENTIAL IMPACT ON GROUP'S 2017 AND FUTURE EARNINGS IS NOT SIGNIFICANT​.‍POTENTIAL IMPACT ON SANLAM CLIENTS' INVESTMENT RETURNS WILL VARY DEPENDING ON EACH INDIVIDUAL PORTFOLIO'S EXPOSURE TO DIFFERENT ASSET CLASSES​.- ‍POTENTIAL IMPACT ON SANLAM CLIENTS' INVESTMENT RETURNS WILL VARY DEPENDING ON EACH INDIVIDUAL PORTFOLIO'S EXPOSURE TO DIFFERENT ASSET CLASSE​.SANLAM - POTENTIAL FINANCIAL EFFECTS ON NET ASSET VALUE , EARNINGS WILL ONLY HAVE A MARGINAL EFFECT ON SOLVENCY RATIO WITHOUT IMPACTING DIVIDEND PAYMENT CAPABILITY​.  Full Article

South Africa's Wiese sells 1.1 billion rand of Shoprite shares - filings
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - South African Investor Christo Wiese Sells Additional 1.1 Billion Rand ($87 Million) Of Shares In Grocer Shoprite , exchange filings show.:.  Full Article

Steinhoff says ‍Supervisory Board Has Appointed Heather Sonn As Acting Chair Of Company​
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Steinhoff ::SUPERVISORY BOARD HAS APPOINTED HEATHER SONN AS ACTING CHAIR OF COMPANY​.‍SUPERVISORY BOARD CONFIRMS THAT MANAGEMENT BOARD OF STEINHOFF CONTINUES TO EXERCISE EXECUTIVE FUNCTION OF GROUP​.  Full Article

Steinhoff Appoints Heather Sonn As Acting Chair Of Company​
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - STEINHOFF ::‍HAS APPOINTED MS. HEATHER SONN AS ACTING CHAIR OF COMPANY​.  Full Article

Steinhoff Designates Danie van der Merwe As Acting CEO
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - STEINHOFF ::DGAP-ADHOC: STEINHOFF INTERNATIONAL HOLDINGS N.V. : CHANGES TO STEINHOFF MANAGEMENT BOARD.‍DESIGNATED DANIE VAN DER MERWE, WHO HAS BEEN COO OF STEINHOFF, AS ACTING CHIEF EXECUTIVE OFFICER (CEO)​.NOMINATION OF TWO ADDITIONAL MEMBERS, ALEXANDRE NODALE AS DEPUTY CEO, LOUIS DU PREEZ AS COMMERCIAL DIRECTOR​.  Full Article

Steinhoff: Sale Of Shares In PSG Group Limited
Friday, 15 Dec 2017 

Dec 15 (Reuters) - STEINHOFF ::DGAP-ADHOC: STEINHOFF INTERNATIONAL HOLDINGS N.V. : SALE OF SHARES IN PSG GROUP LIMITED <<>>.HAS TODAY SOLD APPROXIMATELY 20.6 MILLION SHARES IN PSG GROUP LIMITED ("PSG"), AN INDIRECT AFFILIATE OF COMPANY.SALE PRICE WAS R230 PER PSG SHARE.SHARE SALE RELATES TO APPROXIMATELY 9.5% OF ISSUED SHARE CAPITAL OF PSG.FOLLOWING SHARE SALE, COMPANY'S INDIRECT INTEREST IN PSG HAS REDUCED FROM 25.5% TO APPROXIMATELY 16.0%.PROCEEDS FROM SHARE SALE, BEFORE COSTS, AMOUNT TO APPROX ZAR4.7 BILLION (BEING APPROXIMATELY EUR293 MILLION).PROCEEDS WILL BE USED IN SUPPORT OF OPERATIONAL ACTIVITIES.  Full Article

SA's IRBA Confirms Investigation Into Deloitte South Africa
Friday, 15 Dec 2017 

Dec 15 (Reuters) - South Africa's Independent Regulatory Board for Auditors(IRBA):INITIATED INVESTIGATION INTO DELOITTE SOUTH AFRICA FOLLOWING SHARE PRICE COLLAPSE OF STEINHOFF INTL DV AND ALLEGATIONS OF ACCOUNTING IRREGULARITIES​​.  Full Article

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