Steinhoff or the
Steinhoff Group ) announces that today Steinhoff decided to launch the IPO of its subsidiary Pepco Group B.V. (
Pepco Group ) on the Warsaw Stock Exchange.
The IPO will include a public offering of up to 101,343,568 existing Pepco Group shares, of which c. 98.8% is held by Steinhoff, (representing up to 17.5% of the total issued share capital) to retail investors and institutional investors in Poland and an offering to institutional investors in selected other countries within a price range of PLN 38 to PLN 46 (EUR 8.35 to EUR 10.11) subject to publication of a prospectus approved by the Netherlands Authority for the Financial Markets (AFM) which is expected to occur today. The price range implies an equity value of Pepco Group of PLN 21,850,000,000 to PLN 26,450,000,000 (EUR 4,800,445,000 to EUR 5,811,065,000). The amount of offered shares may be increased by way of an over-allotment option up to a maximum of 15,407,767 shares. The final amount of shares and
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South African conglomerate Steinhoff International Holdings N.V. (SNHJ.J) could consider an equity issue, its CEO said on Friday, as the retailer looks to reduce its debt and financing costs.
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app instead?
As the retailer looks to reduce its debt and financing costs.
By Nqobile Dludla, Reuters
1 May 2021 08:46
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Image: Bloomberg
South African conglomerate Steinhoff International Holdings could consider an equity issue, its CEO said on Friday, as the retailer looks to reduce its debt and financing costs.
At an annual shareholder meeting, chief executive officer Louis du Preez was asked whether the company would consider an equity issue once it has settled about 90 separate legal claims against it following a 2017 accounting scandal.
“One of the options that we will potentially look at, there are many options, is potentially an equity raise. Obviously no decision has been made in that regard,” he told shareholders, without elaborating on what the funds might be used for.
DGAP-AGM: Steinhoff International Holdings N.V.: Results Of The General Meeting
Steinhoff International Holdings N.V. RESULTS OF THE GENERAL MEETING
30.04.2021 / 16:30
Announcement of the Results of the General Meeting, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
RESULTS OF THE GENERAL MEETING
Shareholders are hereby advised that at the hybrid annual general meeting of Steinhoff International Holdings N.V. (\ Steinhoff\ or the \ Company\ ) held at 13:00pm CET on 30 April 2021 at Muziekgebouw aan t IJ, Piet Heinkade 1, 1019 BR Amsterdam, the Netherlands, as well as via webcast accessible on the Company s website (www.steinhoffinternational.com) (the \