Result Of SIHPL S155 Contractual Claimants Meeting
Result Of SIHPL S155 Contractual Claimants Meeting Steinhoff International Holdings N.V. (Incorporated in the Netherlands) (Registration number: 63570173) Share Code: SNH ISIN: NL0011375019 Steinhoff Investment Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1954/001893/06) JSE Code: SHFF ISIN: ZAE000068367 DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART. 17 OF THE EU MARKET ABUSE REGULATION (EU 596/2014, MAR) RESULT OF SIHPL S155 CONTRACTUAL CLAIMANTS MEETING Steinhoff International Holdings N.V. (“SIHNV” or the “Company” and together with its other subsidiaries, “Steinhoff” or the “Steinhoff Group”) and Steinhoff International Holdings Proprietary Limited (“SIHPL”) report that at the meeting of the SIHPL Contractual Claimants held today the S155 Proposal obtained sufficient support to pass the applicable statutory thresholds for approval (a majority in number representing at least 75% by value) from the SIHPL Contractual Claimants. As previously explained, SIHPL’s proposal in terms of section 155 of the South African Companies Act, 71 of 2008 (the “S155 Proposal”) proposed three classes of claimants for voting: the SIHPL Financial Creditors; the SIHPL Market Purchase Claimants (“MPCs”); and the SIHPL Contractual Claimants. On 6 September 2021, two of the three creditors’ class meetings were concluded. Steinhoff reported the same day that both meetings obtained sufficient support to pass the applicable statutory thresholds for approval from the SIHPL Financial Creditors and the SIHPL MPCs at their respective meetings. The meeting of the SIHPL Contractual Claimants to vote on the S155 Proposal resumed today at 14:00 (SAST) and it obtained overwhelming sufficient support to pass the applicable statutory thresholds for approval from the SIHPL Contractual Claimants. All three classes of SIHPL claimants have now voted in favour of the s155 Proposal, without a single vote being cast against the approval of the S155 Proposal. SIHPL will forthwith apply to the Cape High Court for an Order approving and sanctioning the proposal. In addition, as announced on 8 September 2021, the Committee of Representatives has also voted unanimously in favour of the Composition Plan in terms of SIHNV’s Dutch suspension of payments proceedings. This outcome will now also need to be considered by the District Court of Amsterdam in a subsequent confirmation hearing, which has been scheduled at 10.00 am (CET) on 16 September 2021 at the District Court of Amsterdam. The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited. Stellenbosch, South Africa Contact: Steinhoff International Holdings N.V. Investor Relations Phone: +27 21 808 0700 E-mail: email@example.com 10 September 2021 JSE Sponsor: PSG Capital Date: 10-09-2021 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.