|STEINHOFF INVESTMENT HOLDINGS LIMITED - Further Update On Dutch Suspension Of Payments Procedure And Related Ongoing Litigation
|17 June 2021 8:30
Further Update On Dutch Suspension Of Payments Procedure And Related Ongoing Litigation
Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
Steinhoff Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1954/001893/06)
JSE Code: SHFF
FURTHER UPDATE ON DUTCH SUSPENSION OF PAYMENTS PROCEDURE AND RELATED ONGOING LITIGATION
Steinhoff International Holdings N.V. (“SIHNV”) provides the following update on the Dutch
suspension of payments proceedings (the “Dutch SoP”) it is currently subject to in respect of
the appointment of a committee of representation (“CoR”) and the ruling for measures
regarding the list of claims as referred to in Article 259 of the Dutch Bankruptcy Act
On Wednesday 16 June 2021, the Amsterdam District Court (the “Court”) refused to grant the
additional requests made by Hamilton for interim measures related to the Dutch SoP claim
analysis and voting process. SIHNV, SIHNV’s administrators and certain other parties to the
proceedings had previously opposed those requests. The ruling of the Court of 16 June 2021 is
As announced previously, Hamilton has separately lodged an appeal against the 28 May 2021
decision of the Court to appoint the CoR. That appeal is currently pending before the
Amsterdam Court of Appeal with a hearing on the admissibility of the appeal being scheduled
for 22 June 2021. SIHNV will continue its defence against any attempt to disrupt the proposed
global litigation settlement and SIHNV’s ongoing Dutch SoP.
The appeal lodged by Hamilton has not caused the Court to reschedule the deadline of 15
June 2021 for the submission of claims against SIHNV (‘voting record date’). The claims
administrator will now commence a review of the claims that have been received in the Dutch
SIHNV’s administrators have requested the supervisory judges in the Dutch SoP to defer the
creditors’ meeting of 30 June 2021. This request is currently pending, and no revised date for
the creditors’ meeting has yet been scheduled.
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
Stellenbosch, South Africa
17 June 2021
JSE Sponsor: PSG Capital
Date: 17-06-2021 08:30:00
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