EQS-News

Steinhoff International Holdings N.V. : Steinhoff launches Accelerated Placement of ordinary shares in Pepco Group N.V.

EQS-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous Steinhoff International Holdings N.V. : Steinhoff launches Accelerated Placement of ordinary shares in Pepco Group N.V. 17.01.2023 / 17:00 CET/CEST The issuer is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM A PART OF AN OFFER FOR THE SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Steinhoff launches Accelerated Placement of ordinary shares in Pepco Group N.V.

Steinhoff International Holdings N.V. (the “Company”, together with its subsidiaries, “Steinhoff” or the “Steinhoff Group”) announces that the Steinhoff Group has decided to launch an accelerated placement of ordinary shares in Pepco Group N.V. (“Pepco Group”) which are held through IBEX Retail Investments (Europe) Limited (formerly Pepco Holdco Limited) (the “Seller”), an indirect wholly owned subsidiary of the Company. The Steinhoff Group intends to sell approximately 34.5 million ordinary shares (the “Placement Shares”) in the capital of Pepco Group, through a placement to institutional investors (the “Placement”). The Placement Shares represent up to 6% of Pepco Group’s issued share capital, subject to the final terms of the Placement.

The Company currently indirectly owns 453,594,616 ordinary shares, representing approximately 78.9% of Pepco Group’s issued share capital. If the Placement is fully implemented, the Company’s stake in Pepco Group will be reduced to approximately 72.9%.

The price per Placement Share will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding period will commence immediately following this announcement and may close at any time on short notice. The results of the Placement, including the number of Placement Shares to be sold and the price per Placement Share, will be announced as soon as practicable after the closing of the bookbuilding process.