|STEINHOFF INVESTMENT HOLDINGS LIMITED - Steinhoff Investments- Update On Financial Reporting Timeline
|19 June 2019 16:30
Steinhoff Investments- Update On Financial Reporting Timeline
Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
STEINHOFF INVESTMENTS- UPDATE ON FINANCIAL REPORTING TIMELINE
Steinhoff Investment Holdings Limited ("Steinhoff Investments") (together with its subsidiaries,
Introduction and background
Steinhoff Investments, a wholly-owned subsidiary of Steinhoff International Holdings N.V.,
has issued Preference Shares that are listed (but currently suspended) on the JSE. On 5 April
2019, Steinhoff Investments gave the market an indication regarding the timing of the
release of its 2017 and 2018 audited consolidated financial statements ("the April
Announcement" and "the Investments Financials").
Steinhoff Investments' holding company, Steinhoff International Holdings N.V., has
subsequently released its audited 2017 Annual Report on 7 May 2019, and yesterday
released its audited 2018 Annual Report ("the International Group Financials").
Unfortunately, and despite significant efforts being exerted by all parties, the extraordinary
complexities encountered in completing the now-released International Group Financials
resulted in the impossibility of parallel completion of the Steinhoff Investments Financials. As
such, it is now clear that the previously disclosed timeline for completion of the Investments
Financials cannot be met.
Steinhoff Investments now estimates that it will publish its audited consolidated annual
financial statements, for both 2017 and 2018, before the end of September 2019.
This change does not impact the Steinhoff International Holdings N.V. reporting timetable.
Shareholders and other investors in Steinhoff Investments are advised to exercise caution
when dealing in the securities of the Group.
JSE Sponsor: PSG Capital
Stellenbosch, 19 June 2019
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