DGAP-News: Steinhoff International Holdings N.V. : - PROVISIONAL LIQUIDATION APPLICATION
Retrieved on:
Thursday, May 13, 2021
b'The issuer is solely responsible for the content of this announcement.\nSteinhoff International Holdings N.V. ("SIHNV" or the "Company", together with its subsidiaries, "Steinhoff" or the "Steinhoff Group") notes recent press commentary regarding a filing in the South African courts of an application for inter alia the provisional liquidation of SIHNV.\nOn 12 May 2021 entities affiliated with the former shareholders of Tekkie Town (Pty) Ltd ("Tekkie Town Claimants") filed the aforementioned application in the Western Cape Division of the High Court of South Africa.
Key Points:
- b'The issuer is solely responsible for the content of this announcement.\nSteinhoff International Holdings N.V. ("SIHNV" or the "Company", together with its subsidiaries, "Steinhoff" or the "Steinhoff Group") notes recent press commentary regarding a filing in the South African courts of an application for inter alia the provisional liquidation of SIHNV.\nOn 12 May 2021 entities affiliated with the former shareholders of Tekkie Town (Pty) Ltd ("Tekkie Town Claimants") filed the aforementioned application in the Western Cape Division of the High Court of South Africa.
- On 15 February 2021, the Company announced that it had resolved to lodge an application for a Dutch "suspension of payments" procedure ("Dutch SoP") with the Amsterdam District Court to implement its proposal to settle the multi-jurisdictional legacy claims against it.
- The Amsterdam District Court approved the application on the same day and appointed two administrators, namely Mr. F. Verhoeven and Mr. C.R.
- Zijderveld.\nSIHNV will oppose the application by the Tekkie Town Claimants and will vigorously defend any attempt to disrupt the proposed global settlement and the Company\'s ongoing Dutch SoP and the proper forum of the Dutch courts.