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Steinhoff International Holdings NV

SNHJ.J

Latest Trade

92.00ZAc

Change

-1.00(-1.08%)

Volume

3,903,747

Today's Range

91.00

 - 

93.00

52 Week Range

87.00

 - 

228.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Steinhoff Says Alteri Investors To Buy Blue Group Hold From Co

Nov 15 (Reuters) - Steinhoff International Holdings NV <SNHJ.J>::ALTERI INVESTORS TO ACQUIRE BENSONS FOR BEDS, HARVEYS FURNITURE AND ASSOCIATED GROUP OF MANUFACTURING COMPANIES.ALTERI INVESTORS TO ACQUIRE BENSONS FOR BEDS, HARVEYS FURNITURE AND ASSOCIATED GROUP OF MANUFACTURING COMPANIES.WITH BACKING OF NEW OWNERS, MANAGEMENT WILL BE ABLE TO DRIVE CONTINUED IMPROVEMENT IN PERFORMANCE OF GROUP.ALTERI INVESTORS REACHED AGREEMENT TO ACQUIRE BLUE GROUP HOLD CO LTD FROM STEINHOFF INTERNATIONAL HOLDINGS N.V..ALTERI INVESTORS WILL WORK WITH MANAGEMENT TEAM TO DEVELOP STRATEGY TO TRANSFORM GROUP'S PROFITABILITY..SALE OF BLUE GROUP IS LATEST IN A SERIES OF PLANNED DIVESTMENTS BY STEINHOFF.INVESTMENT TO BE MADE FROM ALTERI'S INVESTMENT VEHICLE WITH BACKING OF FUNDS & ACCOUNTS MANAGED BY AFFILIATES OF APOLLO GLOBAL MANAGEMENT.

SA Competition Commission Refers Prosecution Of KAP Diversified, Sonae And Steinhoff For "Cartel Conduct"

Nov 15 (Reuters) - SA COMPETITION COMMISSION::REFERRED TO TRIBUNAL FOR PROSECUTION KAP DIVERSIFIED, SONAE ARAUCO SOUTH AFRICA & STEINHOFF FOR "CARTEL CONDUCT".ASKED TRIBUNAL TO IMPOSE ADMINISTRATIVE PENALTY OF 10% OF KAP DIVERSIFIED AND/OR STEINHOFF'S ANNUAL TURNOVER.KAP DIVERSIFIED, SONAE AGREED TO INCREASE THEIR PRICES FOR WOOD-BASED PANEL PRODUCTS BY SAME PERCENTAGE AMOUNT AT SAME TIME.DOES NOT SEEK ADMINISTRATIVE PENALTY AGAINST SONAE AS IT ADMITTED LIABILITY AND AGREED TO PAY R46,9 MILLION.SONAE HAS ALSO AGREED TO TESTIFY AGAINST KAP DIVERSIFIED AND/OR STEINHOFF.

Steinhoff Mulls Strategic Options For Pepco, Including Potential Listing

Nov 8 (Reuters) - Steinhoff International Holdings NV <SNHJ.J>::STEINHOFF - UPDATE ON PROGRESS.STEINHOFF - CONTINUED TO PROGRESS STRATEGY OUTLINED AT INVESTOR PRESENTATION ON 13 AUGUST 2019.STEINHOFF - IS CONSIDERING AND EVALUATING A RANGE OF STRATEGIC OPTIONS FOR PEPCO GROUP, INCLUDING A POTENTIAL PUBLIC LISTING.STEINHOFF - IDENTIFIED TWO PRIMARY AREAS OF FUTURE FOCUS FOR STEINHOFF AS GROUP TRIES TO RECOVER FROM EVENTS OF DEC 2017.STEINHOFF - AS PART OF OVERALL LITIGATION STRATEGY, STEINHOFF WILL ALSO CONSIDER EARLY RESOLUTION OF CLAIMS BROUGHT AGAINST IT.STEINHOFF - PROCESS FOR STRATEGIC OPTIONS FOR PEPCO GROUP REMAINS IN ITS EARLY STAGES AND NO DEFINITIVE DECISION HAS BEEN TAKEN.STEINHOFF - CONTINUING TO IMPLEMENT REMEDIATION PLAN.STEINHOFF - AREAS IDENTIFIED FOR FUTURE FOCUS INCLUDES TO MANAGE LITIGATION RISK AND TO CONTINUE IMPLEMENTATION OF REMEDIATION PLAN.STEINHOFF - SETTLEMENT ARRANGEMENTS MAY INCLUDE, AMONG OTHER OPTIONS, AN EQUITY ISSUANCE BY STEINHOFF.STEINHOFF - AREAS IDENTIFIED FOR FUTURE FOCUS ALSO INCLUDES TO REDUCE GROUP'S DEBT AND FINANCING COSTS.

Steinhoff Rebrands Pepkor Europe To Pepco Group

Sept 30 (Reuters) - Steinhoff International Holdings NV <SNHJ.J>::PEPKOR EUROPE REBRANDED TO PEPCO GROUP.PEPKOR EUROPE RENAMED TO PEPCO GROUP, DIRECTLY LINKING BUSINESS TO ITS CENTRAL EUROPE OPERATIONS - PEPCO.GROUP HAS SUCCESSFULLY COMPLETED A LONG-TERM EUR 475M REFINANCING PACKAGE .

Steinhoff Says FSCA Fines Co 1.5 Bln Rand For Contravention Of Financial Markets Act

Sept 12 (Reuters) - Steinhoff International Holdings NV <SNHJ.J>::STEINHOFF - FSCA FINES STEINHOFF FOR CONTRAVENTION OF FINANCIAL MARKETS ACT.STEINHOFF - FSCA HAS IMPOSED AN ADMINISTRATIVE PENALTY OF R1.5 BILLION ON STEINHOFF UNDER SECTION 81 OF FMA 2012.STEINHOFF - FSCA RESOLVED TO REMIT A PORTION OF ADMINISTRATIVE PENALTY RESULTING IN STEINHOFF PAYING A PENALTY OF R53 MILLION.STEINHOFF - FINANCIAL SECTOR CONDUCT AUTHORITY CONCLUDED INVESTIGATION INTO ALLEGED CONTRAVENTIONS OF FINANCIAL MARKETS ACT BY STEINHOFF.STEINHOFF - FSCA SAYS EVENTS SUBSEQUENT TO DEC 2017 HIGHLIGHTED GAP BETWEEN STEINHOFF GROUP'S PRIOR PUBLIC STATEMENTS AND FINANCIAL REALITY.STEINHOFF - FSCA CONCLUDED INVESTIGATION INTO ALLEGED CONTRAVENTIONS BY STEINHOFF BEFORE DISCOVERY OF ACCOUNTING IRREGULARITIES IN DEC 2017.STEINHOFF - FSCA SAYS "SIZE OF HEADLINE PENALTY REFLECTS SCALE AND SEVERITY OF REGULATORY BREACH".STEINHOFF CEO SAYS THERE ARE NO FURTHER ENFORCEMENT FSCA ACTIONS OUTSTANDING AGAINST STEINHOFF GROUP.

Steinhoff Says Resolutions Proposed At AGM Were Passed By Requisite Majority

Sept 2 (Reuters) - Steinhoff International Holdings NV <SNHJ.J>::ALL OF RESOLUTIONS PROPOSED AT AGM WERE PASSED BY REQUISITE MAJORITY OF VOTES.55.56% VOTES CAST AT AGM IN FAVOUR OF PROPOSAL TO ADOPT THE ANNUAL ACCOUNTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018.55.37% VOTES CAST AT AGM IN FAVOUR OF PROPOSAL TO ADOPT THE ANNUAL ACCOUNTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2017.90.9% VOTES CAST AT AGM IN FAVOUR OF PROPOSAL TO ESTABLISH REMUNERATION OF MEMBERS OF SUPERVISORY BOARD.99.5% VOTES CAST AT AGM IN VAFOUR OF PROPOSAL TO REDUCE CAPITAL OF COMPANY BY REDUCING NOMINAL VALUE OF COMPANY'S ORDINARY SHARES.MAZARS NETHERLANDS WILL BE EXTERNAL AUDITOR OF STEINHOFF GROUP.

Steinhoff International Posts 9-Mth Unaudited Consol Net Sales From Cont Ops Up 4%

Aug 29 (Reuters) - Steinhoff International Holdings NV <SNHJ.J>::UNAUDITED TRADING UPDATE FOR NINE-MONTHS ENDED 30 JUNE 2019 AND AGM.UNAUDITED CONSOLIDATED NET SALES FROM CONTINUING OPERATIONS FOR NINE-MONTH PERIOD TO 30 JUNE 2019 (9MFY19) INCREASED BY 4% TO €10 113 MILLION.TOTAL SEAG DEBT AS OF AUG 13 WAS €5.79BN.TOTAL SEAG AND SFHG DEBT WAS €8.73BN AS OF AUG 13.LITIGATION REMAINS A SIGNIFICANT OUTSTANDING CHALLENGE.SAYS "WE STILL FACE A NUMBER OF TOUGH CHALLENGES ON THE ROAD TO REHABILITATION, BUT ENCOURAGED THAT PROGRESS HAS BEEN MADE".TRADING CONDITIONS CONTINUE TO REFLECT A TOUGH GLOBAL ECONOMY.TO MAXIMISE SHAREHOLDER VALUE, CO TO NOW FOCUS ON FINDING SOLUTION TO GROUP’S LITIGATION ISSUES, REDUCE DEBT AND FINANCING COSTS.

Steinhoff Says SEAG, SFHG Successfully Completed Implementation Of Restructuring

Aug 14 (Reuters) - Steinhoff International Holdings NV <SNHJ.J>::STEINHOFF - SUCCESSFUL IMPLEMENTATION OF FINANCIAL RESTRUCTURING AND RELATED UPDATES.STEINHOFF - SEAG AND SFHG HAVE SUCCESSFULLY COMPLETED IMPLEMENTATION OF RESTRUCTURING.STEINHOFF - FOLLOWING SUCCESSFUL IMPLEMENTATION OF RESTRUCTURING, THREE NOMINATED DIRECTORS HAVE BEEN APPOINTED TO BOARDS OF NEWCO 3.STEINHOFF - DAVID PAUKER HAS BEEN APPOINTED TO BOARD OF SIHPL.STEINHOFF - LOCK-UP AGREEMENT HAS TERMINATED ON IMPLEMENTATION OF RESTRUCTURING.

Steinhoff completes financial restructuring

Aug 13 (Reuters) - Steinhoff <SNHJ.J>::DGAP-NEWS: STEINHOFF INTERNATIONAL HOLDINGS N.V. : SUCCESSFUL IMPLEMENTATION OF FINANCIAL RESTRUCTURING AND RELATED UPDATES.COMPANY IS PLEASED TO ANNOUNCE THAT SEAG AND SFHG HAVE SUCCESSFULLY COMPLETED IMPLEMENTATION OF RESTRUCTURING (AS DETAILED IN SEAG CVA AND SFHG CVA) AND HAVE TODAY ISSUED NOTICE OF RESTRUCTURING EFFECTIVE DATE TO RELEVANT PARTIES..CEO LOUIS DU PREEZ SAID: " MONTHS OF HARD WORK ON FINANCIAL RESTRUCTURING HAVE TODAY COME TO FRUITION..ADDITIONALLY, DAVID PAUKER HAS BEEN APPOINTED TO BOARD OF SIHPL, WITH SUCH APPOINTMENT EFFECTIVE SHORTLY FOLLOWING RESTRUCTURING EFFECTIVE DATE..LOCK-UP AGREEMENT HAS TERMINATED ON IMPLEMENTATION OF RESTRUCTURING, AND FOLLOWING TERMINATION, COMPANY WILL CEASE TO PUBLISH PUBLIC MONTHLY UPDATES AND WILL RETURN TO A NORMAL CYCLE OF MARKET ANNOUNCEMENTS AND REPORTING..

Steinhoff Does Not Expect Further Impact On Financial Statements From Forensic Investigation

Aug 13 (Reuters) - Steinhoff International Holdings NV <SNHJ.J>::STEINHOFF - SHAREHOLDERS AND OTHER INVESTORS IN COMPANY ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN SECURITIES OF GROUP..STEINHOFF - TOTAL DEBT INVOLVED IN RESTRUCTURE – SEAG €5.6 BILLION; SFHG €2.8 BILLION; HEMISPHERE €0.4 BILLION (31 MARCH 2019).STEINHOFF - SEAG/SFHG CVAS IMPLEMENTED IN AUGUST 2019.STEINHOFF - DO NOT ANTICIPATE ANY FURTHER IMPACT ON THE FINANCIAL STATEMENTS FROM FORENSIC INVESTIGATION.STEINHOFF - TURNOVER REMAINS STRONG; PROFITABILITY IS THE CHALLENGE.STEINHOFF SAYS "WHERE APPROPRIATE, DIVESTMENTS ARE BEING CONSIDERED".STEINHOFF - ACCOUNTING IRREGULARITIES MASKED POOR FINANCIAL PERFORMANCE OF SOME BUSINESSES IN PRIOR YEARS.STEINHOFF -SOME BUSINESSES ARE PERFORMING WELL, ACCOUNTING IRREGULARITIES MASKED POOR FINANCIAL PERFORMANCE IN SOME UNITS IN PRIOR YEARS.STEINHOFF - CAPITAL EXPENDITURE CONTROLLED.STEINHOFF -STRATEGY IS TO FURTHER STABILISE GROUP, MANAGE STEINHOFF AS AN INVESTMENT HOLDING COMPANY.STEINHOFF -FOCUS IS ALSO TO PROVIDE SUPPORT TO REGULATORS AND ENFORCEMENT AGENCIES.STEINHOFF - KEY MANAGEMENT FOCUS IS ON CREDITORS ARRANGEMENT WITH CVA IMPLEMENTATION STARTED, RESTRUCTURE GROUP TO CUT DEBT, MANAGE LITIGATION RISK.STEINHOFF - BOARD SUB-COMMITTEES RECONSTITUTED: NEW GOVERNANCE, SOCIAL AND ETHICS COMMITTEE.STEINHOFF - BOARD SUB-COMMITTEES RECONSTITUTED WILL BE REVIEWED AFTER THE AGM.STEINHOFF - THREE OF THE EIGHT CONTINUING MEMBERS OF SUPERVISORY BOARD ARE UP FOR ELECTION AT THE AGM.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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