DGAP-Adhoc: Steinhoff International Holdings N.V. :
DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous
Steinhoff International Holdings N.V. :
14-May-2021 / 08:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PUBLICATION.
DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ARTICLE 17 OF THE EU MARKET ABUSE REGULATION (EU 596/2014, MAR)
Pepco IPO - Steinhoff determines final offer price and maximum number of shares to be sold
Steinhoff International Holdings N.V. ("SIHNV" or the "Company", together with its subsidiaries, "Steinhoff" or the "Steinhoff Group") announces that, following the book building and consultation with the joint bookrunners, today Steinhoff decided to sell in connection with the IPO of its subsidiary Pepco Group N.V. ("Pepco Group") 102,269,300 existing shares (excluding the over-allotment option) at an offer price of PLN 40 (EUR 8.80), resulting in gross proceeds of approximately PLN 4.1 billion (EUR 0.9 billion). The number of shares sold by Steinhoff includes 23,111,650 shares that have been sold by way of cornerstone investments to certain lenders under the debt facilities entered into by it. In addition, Steinhoff has granted the stabilisation manager (on behalf of the banks) an over-allotment option up to a maximum of 12,058,252 existing shares. The final offer price implies a total equity value of Pepco Group of PLN 23 billion (EUR 5 billion).
The expected first day of trading of Pepco Group shares on the Warsaw Stock Exchange will be on or about 26 May 2021. Immediately prior to the offering Steinhoff's shareholding in Pepco Group is 98.8%. Following the IPO and cornerstone investments, Steinhoff will hold approximately 78.9% of the issued share capital of Pepco Group (assuming full exercise of the over-allotment option).
The Pepco Group is a subsidiary of Steinhoff and is a fast-growing pan-European discount variety retailer, serving over 50 million customers a month from over 3 200 stores in 16 countries. Pepco Group owns the PEPCO and Dealz brands in Europe and the Poundland brand in the United Kingdom and is Europe's pre-eminent discount variety retailer in Europe.
Further information on the IPO can be found on the Pepco Group website at https://www.pepcogroup.eu/investors/.
The Company has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.
Stellenbosch, South Africa
14 May 2021
Steinhoff International Holdings N.V.
Phone: +27 21 808 0700
E-mail: investors @steinhoffinternational.com
This announcement is not for publication or distribution, directly or indirectly, in or into the United States. This announcement and any subsequent offer of securities may be restricted by law in certain jurisdictions and persons receiving this announcement should inform themselves about and observe any such restriction. Failure to comply with such restrictions may constitute a violation of securities laws of any such jurisdiction.
This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. Investors should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the prospectus which has been published by Pepco Group in connection with the offering and the admission of the shares. Before subscribing for or purchasing any shares, persons viewing this announcement should ensure that they fully understand and accept the risks which are set out in the prospectus.
The shares referred to herein may not be offered or sold in the United States unless registered under the U.S. Securities Act or offered in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act. The offer and sale of shares referred to herein has not been and will not be registered under the U.S. Securities Act or under the applicable securities laws of Australia, Canada, South Africa or Japan. Subject to certain exceptions, the shares may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of any national, resident or citizen of Australia, Canada, South Africa or Japan.
This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. In addition, forward-looking statements may be identified by the use of forward-looking terminology, including the terms "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "will", "may", "should", "would", "could", "is confident", or in each case, their negative or other variations or words of similar meaning, or comparable terminology, or by discussions of strategy plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Undue reliance should not be placed on any such statements because they speak only as at the date of this document and reflect only current views with respect to future events. Forward-looking statements are, by their very nature, subject to known and unknown risks relating to future events and other risks, uncertainties and assumptions and can be affected by many factors that could cause actual results, plans and objectives, to differ materially from those expressed or implied in the forward-looking statements.
Any purchase of shares in the offering should be made solely on the basis of the information contained in the prospectus published by Pepco Group in connection with the offering. The information in this announcement is subject to change.
The timetable for the offering, including the date of first day of trading, may be influenced by things such as market conditions. There is no guarantee that trading will occur and you should not base your financial decisions on Pepco Group's intentions in that regard.
14-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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||Steinhoff International Holdings N.V.
||cnr Adam Tas and Devon Valley Road
||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
|EQS News ID:
|End of Announcement
||DGAP News Service
1196482 14-May-2021 CET/CEST
Quelle: boersengefluester.de und Firmenangaben
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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
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