Edition:
United States

Steinhoff International Holdings NV (SNHJ.J)

SNHJ.J on Johannesburg Stock Exchange

149.00ZAc
24 May 2018
Change (% chg)

-6.00 (-3.87%)
Prev Close
155.00
Open
159.00
Day's High
164.00
Day's Low
147.00
Volume
7,700,838
Avg. Vol
12,676,145
52-wk High
7,350.00
52-wk Low
144.00

Latest Key Developments (Source: Significant Developments)

Steinhoff Investment Says Theunie Lategan Resigned As Director
Thursday, 1 Mar 2018 09:30am EST 

March 1 (Reuters) - Steinhoff Investment Holdings Limited::THEUNIE LATEGAN HAS RESIGNED AS DIRECTOR OF CO WITH IMMEDIATE EFFECT​.‍BOARD MUST STILL CONSIDER PREFERENCE SHARES DIVIDEND DECLARATION FOR PERIOD ENDING 31 DECEMBER 2017​.WAS REQUIRED TO PUBLISH ITS CONSOLIDATED ANNUAL FINANCIAL STATEMENTS FOR YEAR ENDED 30 SEPTEMBER 2017 BY 28 FEBRUARY 2018.JSE CONFIRMED THAT IT HAS SUSPENDED TRADING OF PREFERENCE SHARES DUE TO COMPANY'S FAILURE TO SUBMIT REQUISITE STATEMENTS.  Full Article

Steinhoff Investment Says Some Non-Participating Preference Shares​ Suspended
Thursday, 1 Mar 2018 12:05am EST 

March 1 (Reuters) - Steinhoff Investment::SUSPENSION OF VARIABLE RATE, CUMULATIVE, NON- REDEEMABLE, NON-PARTICIPATING PREFERENCE SHARES​ AS CO DIDN'T SUBMIT ANNUAL REPORT BY FEB 28.  Full Article

Steinhoff Services Says 15 Billion Rand Programme Notes Suspended
Thursday, 1 Mar 2018 12:05am EST 

March 1 (Reuters) - Steinhoff Services::SUSPENSION OF NOTES UNDER ZAR15 BILLION DOMESTIC MEDIUM TERM NOTE PROGRAMME AS CO DID NOT SUBMIT ANNUAL REPORT ON OR BEFORE FEB 28.  Full Article

Steinhoff Reports Q1 Total Retail Revenue Of 4.86 Bln Euros‍​
Wednesday, 28 Feb 2018 10:30am EST 

Feb 28 (Reuters) - Steinhoff International Holdings Nv ::Q1 TOTAL RETAIL REVENUE AS REPORTED 4.86 BILLION EUROS‍​ VERSUS 5.1 BILLION EUROS."WE ARE WORKING HARD TO UNCOVER THE TRUTH AND TO PROSECUTE WRONGDOING"- CHAIRPERSON."WE ARE COOPERATING FULLY WITH REGULATORS AND WILL CONTINUE TO DO SO"- CHAIRPERSON.ERM BUSINESS HAS INCREASED REVENUE IN Q1 BY 1 PERCENT TO 683 MILLION EUROS ‍​ON A PRO FORMA BASIS.STAR ACHIEVED Q1 REVENUE GROWTH OF 8 PERCENT TO 1,143 MILLION EUROS‍​ VERSUS 1,06 MILLION EUROS YEAR AGO.STAR IS PLANNING TO OPEN 350 STORES DURING FY 2018 INCLUDING OPENED IN Q1.FOLLOWING EVENTS OF EARLY DECEMBER 2017, "ESSENTIAL WORKING CAPITAL, ESPECIALLY IN ITS BUSINESSES OUTSIDE OF SOUTH AFRICA, LARGELY DRIED UP".  Full Article

Steinhoff Says Amsterdam Court Delivers Verdict On Dutch POCO Proceedings
Tuesday, 20 Feb 2018 01:00am EST 

Feb 20 (Reuters) - Steinhoff International Holdings Nv ::‍DECISION OF ENTERPRISE CHAMBER OF AMSTERDAM COURT OF APPEAL​.ENTERPRISE CHAMBER OF AMSTERDAM COURT OF APPEAL ISSUED DECISION IN RESPECT OF PROCEEDINGS BROUGHT BY OM-HANDELS GMBH AND MW HOLDINGS GMBH.‍ENTERPRISE CHAMBER IN JUDGEMENT RULED CO WAS CORRECT TO CONSOLIDATE POCO AS A CONTROLLED INTEREST IN ITS 2016 ACCOUNTS​.‍ENTERPRISE CHAMBER ORDERED THAT COMPANY AMENDS 2016 ACCOUNTS​.‍ENTERPRISE CHAMBER ORDER CO AMENDS IT'S CONSOLIDATION TREATMENT OF POCO BE CHANGED FROM 100% TO 50% CONTROLLING INTEREST​.‍COMPANY IN PROCESS OF STUDYING JUDGEMENT (INCLUDING WHETHER IT PROVIDES GROUNDS FOR APPEAL).‍CONSIDERING IMPACT OF ENTERPRISE CHAMBER'S DECISION ON CO'S ACCOUNTS AND WILL UPDATE SHAREHOLDERS IN DUE COURSE​.ENTERPRISE CHAMBER ORDERED ‍IT BE RECORDED THAT SEIFERT ENTITIES HOLD A 50% NON-CONTROLLING INTEREST IN POCO​.  Full Article

Steinhoff International Appoints Richard Heis As Chief Restructuring Officer
Thursday, 15 Feb 2018 10:00am EST 

Feb 15 (Reuters) - Steinhoff International Holdings Nv ::‍ANNOUNCE APPOINTMENT OF RICHARD HEIS AS CHIEF RESTRUCTURING OFFICER FOR GROUP​.‍RICHARD WAS PREVIOUSLY GLOBAL HEAD OF RESTRUCTURING AT KPMG​.  Full Article

Steinhoff Says AGM To Be Held On April 20, 2018
Thursday, 15 Feb 2018 12:50am EST 

Feb 15 (Reuters) - Steinhoff International Holdings Nv ::ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON FRIDAY, 20 APRIL 2018.STEINHOFF - ‍INVITATION TO AGM WILL INCLUDE AGM AGENDA WHICH WILL COVER, AMONG OTHER ITEMS, PROPOSALS FOR APPOINTMENT OF CURRENT ACTING MEMBERS OF MANAGEMENT BOARD.STEINHOFF - GIVEN ON-GOING INVESTIGATION BY PWC TO COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS WILL NOT BE PUT TO SHAREHOLDERS AT AGM.STEINHOFF - SEPARATE GENERAL MEETING OF SHAREHOLDERS OF CO WILL BE CONVENED AS SOON AS POSSIBLE ONCE 2017 CONSOLIDATED ACCOUNTS HAVE BEEN FINALISED.  Full Article

Steinhoff Says Commences Waiver Process Regarding Certain Convertible Bonds
Tuesday, 6 Feb 2018 06:15am EST 

Feb 6 (Reuters) - Steinhoff International Holdings NV ::COMMENCEMENT OF WAIVER PROCESS - PROPOSALS REGARDING CERTAIN CONVERTIBLE BONDS.‍BEGUN PROCESS BY SEEKING WAIVERS OF EUR 465 MILLION CONVERTIBLE BONDS DUE 2021, EUR 1,116 MILLION BONDS DUE 2022 AND EUR 1,100 MILLION BONDS DUE 2023​.‍WAIVERS BEING SOUGHT FROM HOLDERS OF BONDS RELATE TO FAILURE BY ISSUER TO DELIVER CERTIFICATES OF COMPLIANCE IN LIGHT OF ACCOUNTING IRREGULARITIES.  Full Article

Steinhoff International Holdings: Commencement Of Waiver Process
Tuesday, 6 Feb 2018 06:15am EST 

Feb 6 (Reuters) - STEINHOFF INTERNATIONAL HOLDINGS NV ::COMMENCEMENT OF WAIVER PROCESS - PROPOSALS REGARDING CERTAIN CONVERTIBLE BONDS.  Full Article

Steinhoff Says ‍Thierry Guilbert Resigned From Supervisory Board
Friday, 2 Feb 2018 10:00am EST 

Feb 2 (Reuters) - Steinhoff International Holdings Nv ::‍THIERRY GUILBERT HAS TENDERED HIS RESIGNATION TODAY WITH IMMEDIATE EFFECT AS A MEMBER OF SUPERVISORY BOARD OF COMPANY​.‍GIVEN OTHER EXECUTIVE COMMITMENTS, GUILBERT DOES NOT CONSIDER THAT HE CAN FOCUS HIS EFFORTS SUFFICIENTLY ON CO AT THIS CRITICAL TIME​.‍NUMBER OF CANDIDATES ARE CURRENTLY BEING CONSIDERED TO STRENGTHEN INDEPENDENCE OF SUPERVISORY BOARD OF COMPANY​.  Full Article

Crisis-hit Steinhoff repays $2.3 billion African debt

JOHANNESBURG Scandal-hit South African retailer Steinhoff has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.

No consensus analysis data available.