28.05.2021 Steinhoff International Holdings N.V.  NL0011375019

DGAP-News: Steinhoff International Holdings N.V. : UPDATE ON DUTCH SUSPENSION OF PAYMENTS PROCEDURE AND APPOINTMENT OF COMMITTEE OF REPRESENTATION


 

DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous
Steinhoff International Holdings N.V. : UPDATE ON DUTCH SUSPENSION OF PAYMENTS PROCEDURE AND APPOINTMENT OF COMMITTEE OF REPRESENTATION

28.05.2021 / 17:30
The issuer is solely responsible for the content of this announcement.


UPDATE ON DUTCH SUSPENSION OF PAYMENTS PROCEDURE AND APPOINTMENT OF COMMITTEE OF REPRESENTATION

Steinhoff International Holdings N.V. ("SIHNV") announces that further to the announcement of the court-appointed administrators (the "Administrators") in the Dutch Suspension of Payments ("SoP") procedure on 23 April 2021, the Amsterdam District Court (the "Court") has today rendered its decision on the Administrators' application for the appointment of a committee of representation ("CoR") and for measures regarding the list of claims as referred to in Article 259 of the Dutch Bankruptcy Act (Faillissementswet) (the "List").

Court hearing 19 May 2021

As announced on 3 May 2021 by the Administrators the Court decided to hear the Administrators' application on Wednesday 19 May 2021 (the "Hearing"). On 14 May 2021 in additional directions the Court decided that the uniliteral requests made by parties other than the Administrators (i.e. Hamilton B.V. and Hamilton 2 B.V. (together, "Hamilton") and Lancaster 101 (Pty) Ltd. ("Lancaster")) would not be dealt with during the Hearing but would be dealt with at a hearing on 4 June 2021, see below.

In its ruling of today, the Court has appointed a CoR. This means that the members of the CoR will vote on the composition plan as proposed by SIHNV (the "Composition Plan") instead of the creditors in a creditors meeting. The principal consideration was the large number of SIHNV MPC Claimants (as defined in the Composition Plan) in the proceedings. All ordinary non-preferred creditors of SIHNV ("Creditors") are still eligible to file their claims in the SoP ultimately on Tuesday 15 June 2021. The purpose of the filing process is primarily to provide the Administrators an approximation of the general body of Creditors of SIHNV. Further details in this regard are available on www.steinhoffsettlement.com.

In addition, the Court has approved a request for measures regarding the List. As a consequence the Administrators do not need to put the claims of SIHNV MPC Claimants that have been filed on the List, but the Administrators shall have to put the claims of the other Creditors that have been filed (i.e. all Creditors that have filed a claim in the SoP with the exception of the SIHNV MPC Claimants) on the List.

Court hearing 4 June 2021

On 25 May 2021 the Court decided to hear the uniliteral requests made by parties other than the Administrators (i.e. Hamilton and Lancaster) on Friday 4 June 2021. In short, the uniliteral requests that will be pleaded at the hearing are a request for:

- interim measures related to the claim analysis (Hamilton);

- the termination of the SoP (Lancaster);

- certain information (Lancaster); and

- the appointment of experts (Lancaster).

SIHNV will oppose the Hamilton and Lancaster requests and will defend any attempt to disrupt the proposed global settlement and SIHNV's ongoing SoP.

Further updates will be provided in due course.

SIHNV has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE Limited.

Stellenbosch, South Africa

28 May 2021



28.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Steinhoff International Holdings N.V.
cnr Adam Tas and Devon Valley Road
7600 Stellenbosch
South Africa
Phone: +27218080700
Fax: +27218080800
E-mail: [email protected]
Internet: www.steinhoffinternational.com
ISIN: NL0011375019
WKN: A14XB9
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1202252

 
End of News DGAP News Service

1202252  28.05.2021 

fncls.ssp?fn=show_t_gif&application_id=1202252&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 13.059,00 16.130,00 12.439,00 11.435,00 8.069,00 7.899,00 0,00
EBITDA1,2 1.706,00 633,00 683,00 -29,00 389,00 -346,00 0,00
EBITDA-Marge3 13,06 3,92 5,49 -0,25 4,82 -4,38 0,00
EBIT1,4 1.461,00 278,00 -150,00 -295,00 221,00 -927,00 0,00
EBIT-Marge5 11,19 1,72 -1,21 -2,58 2,74 -11,74 0,00
Jahresüberschuss1 1.173,00 -237,00 -3.994,00 -1.192,00 -1.844,00 -2.366,00 0,00
Netto-Marge6 8,98 -1,47 -32,11 -10,42 -22,85 -29,95 0,00
Cashflow1,7 1.158,00 257,00 -792,00 -636,00 -518,00 807,00 0,00
Ergebnis je Aktie8 0,30 -0,08 -0,96 -0,30 -0,39 -0,55 -0,06
Dividende8 0,12 0,12 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
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

Wirtschaftsprüfer: Mazars

INVESTOR-INFORMATIONEN
©boersengefluester.de
Steinhoff International
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A14XB9 0,135 - 582,24
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 -0,99
KBV KCV KUV EV/EBITDA
-0,14 0,72 0,07 -29,03
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 30.04.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
26.02.2021 25.06.2021 27.08.2021 26.02.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-12,44% 9,39% 137,02% 187,45%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Steinhoff International Holdings N.V.   ISIN: NL0011375019 können Sie bei DGAP abrufen

Handel , A14XB9 , SNH , XETR:SNH