DGAP-Adhoc
Steinhoff International Holdings N.V. : Confirmation of approach to Home Retail Group plc - Seite 2
the Code
Steinhoff reserves the right to reduce the consideration of any offer by
the amount of any dividend (or other distribution) which is paid or becomes
payable by HRG to its shareholders after the date of this announcement,
other than the Proposed Capital Returns outlined above.
The Steinhoff All Cash Possible Offer is subject to certain pre-conditions,
which can be waived, including satisfactory completion of due diligence.
There can be no certainty that any offer will be made.
A further announcement will be made as appropriate.
In accordance with Rule 2.6(a) of the Code, Steinhoff must, by not later
than 5.00 p.m. on 18 March 2016, either announce a firm intention to make
an offer for HRG in accordance with Rule 2.7 of the Code or announce that
it does not intend to make an offer, in which case the announcement will be
treated as a statement to which Rule 2.8 of the Code applies. This deadline
will only be extended with the consent of the Panel in accordance with Rule
2.6(c) of the Code.
In accordance with Rule 26.1 of the Code, a copy of this announcement will
be published on the Company's website
(http://www.steinhoffinternational.com/) by no later than 12 noon on 22
February 2016.
Enquiries:
About Steinhoff:
Steinhoff is an integrated retailer that retails, sources and manufactures
household goods and general merchandise in the United Kingdom, Europe,
Africa and Australasia. Retail operations are positioned towards price
conscious (value) consumer segments, providing them with affordable
products through a vertically integrated supply chain.
Our integrated retail divisions comprise:
- Household goods (furniture and homeware retail businesses)
- General merchandise focusing on clothing and footwear, accessories and
homeware
- Automotive dealerships in South Africa which provides a broad range of
new and pre-owned vehicles, parts, insurance, accessories and servicing
The Steinhoff Group's property portfolio remains a key strategic component
In accordance with Rule 2.6(a) of the Code, Steinhoff must, by not later
than 5.00 p.m. on 18 March 2016, either announce a firm intention to make
an offer for HRG in accordance with Rule 2.7 of the Code or announce that
it does not intend to make an offer, in which case the announcement will be
treated as a statement to which Rule 2.8 of the Code applies. This deadline
will only be extended with the consent of the Panel in accordance with Rule
2.6(c) of the Code.
In accordance with Rule 26.1 of the Code, a copy of this announcement will
be published on the Company's website
(http://www.steinhoffinternational.com/) by no later than 12 noon on 22
February 2016.
Enquiries:
Steinhoff International Holdings NV Tel: +27 (0)21 808 0711
Mariza Nel (Investor Relations)
Nick Agarwal (UK Press)
Tel. +44 (0)7568 101045
Barclays (financial adviser to Steinhoff) Tel: +44 (0)20 7623 2323
Mark Todd
Swapnil Sinha
Bertie Whitehead (Corporate Broking)
HSBC (financial adviser to Steinhoff) Tel: +44 (0)20 7991 8888
Philip Noblet
Oliver Smith
Mark Dickenson (Corporate Broking)
Investec Bank plc (financial adviser to Steinhoff) Tel: +44 (0)20 7597 4000
Andrew Pinder
Symmie Swil
Sara Hale (Corporate Broking)
About Steinhoff:
Steinhoff is an integrated retailer that retails, sources and manufactures
household goods and general merchandise in the United Kingdom, Europe,
Africa and Australasia. Retail operations are positioned towards price
conscious (value) consumer segments, providing them with affordable
products through a vertically integrated supply chain.
Our integrated retail divisions comprise:
- Household goods (furniture and homeware retail businesses)
- General merchandise focusing on clothing and footwear, accessories and
homeware
- Automotive dealerships in South Africa which provides a broad range of
new and pre-owned vehicles, parts, insurance, accessories and servicing
The Steinhoff Group's property portfolio remains a key strategic component
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