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Kresta Holdings Says Neil Perkins Resigns As CFO

Friday, 19 Jan 2018 12:54am EST

Jan 19 (Reuters) - Kresta Holdings Ltd ::NEIL PERKINS HAS RESIGNED FROM HIS ROLE AS CHIEF FINANCIAL OFFICER.XIAOWEI (VIVI) JIANG APPOINTED AS CHIEF FINANCIAL OFFICER.

Steinhoff Says Expects To Be In Position To Pay Cash Interest On All Debt Over Near Term

Thursday, 18 Jan 2018 08:40am EST

Jan 18 (Reuters) - Steinhoff International Holdings Nv ::‍PROCESS AND LIQUIDITY UPDATE AND WAIVER PROPOSALS TO CERTAIN FINANCIAL CREDITORS​.‍GROUP APPOINTED MOELIS & COMPANY AND ALIXPARTNERS AS INDEPENDENT FINANCIAL ADVISOR AND OPERATIONAL ADVISOR, RESPECTIVELY​.‍MOELIS CONTINUES TO SUPPORT AND ADVISE GROUP ON ITS DEBT FINANCING AND ITS DISCUSSIONS WITH LENDERS​.‍ALIXPARTNERS CONTINUES TO ASSIST WITH GROUP'S LIQUIDITY MANAGEMENT AND OPERATIONAL MEASURES​.‍GROUP EXPECTS TO KEEP TO THAT TIMETABLE THIS YEAR, WHEN IT WILL REPORT ON TRADING PERFORMANCE OF GROUP'S BUSINESS UNITS​.EXPECTS TO BE IN POSITION TO PAY CASH INTEREST ON ALL EXISTING FINANCIAL DEBT AT ORDINARY CONTRACTUAL RATE OVER NEAR TERM FORECASTED PERIOD​.‍COMPANY HAS RECEIVED SUPPORT FROM ITS FINANCIAL CREDITORS IN RECENT WEEKS IN ITS EFFORTS TO MAINTAIN STABILITY​.‍TO DATE, ADDITIONAL EXTERNAL LIQUIDITY HAS NOT BEEN OBTAINED IN TIME AVAILABLE.IN COMING MONTHS, EXPECTS TO UNDERTAKE​ ‍REFINANCING AND REDEMPTION OF SOME OR ALL OF FINANCIAL INDEBTEDNESS WITHIN SOUTH AFRICA.EXPECTS TO BE IN POSITION TO PAY CASH INTEREST ON ALL FINANCIAL INDEBTEDNESS AT ORDINARY CONTRACTUAL RATE OVER NEAR TERM FORECASTED PERIOD​.‍COMPANY IS CONFIDENT THAT IT WILL RECEIVE SUFFICIENT SUPPORT FROM ITS RELEVANT FINANCE PROVIDERS TO OBTAIN LIMITED WAIVERS​.‍GROUP HAS PROVIDED NOTICE TO CERTAIN OF ITS EUROPEAN-BASED FINANCIAL CREDITORS OF A MEETING TO BE HELD IN LONDON ON 26 JANUARY 2018​.

Steinhoff: Process And Liquidity Update

Thursday, 18 Jan 2018 08:40am EST

Jan 18 (Reuters) - Steinhoff International Holdings Nv ::DGAP-NEWS: STEINHOFF INTERNATIONAL HOLDINGS N.V. : PROCESS AND LIQUIDITY UPDATE AND WAIVER PROPOSALS TO CERTAIN FINANCIAL CREDITORS.‍EXPECTS TO BE IN A POSITION TO PAY CASH INTEREST ON ALL ITS EXISTING FINANCIAL INDEBTEDNESS AT ORDINARY CONTRACTUAL RATE OVER NEAR TERM.‍WILL BE RECOMMENDING THAT CERTAIN FINANCIAL CREDITORS SUPPORT GROUP BY PROVIDING LIMITED WAIVERS UNDER CERTAIN EXISTING EUROPEAN FINANCING ARRANGEMENTS​.IS SEEKING SUPPORT IN AMOUNT OF EUR200 MILLION.FIRST INSTALLMENT OF EUR60 MILLION WILL BE RECEIVED IN WEEK ENDING 19 JANUARY 2018.BASED ON CURRENT PROJECTED NEAR-TERM LIQUIDITY REQUIREMENTS IN EUROPE, SEEKS SUPPORT IN AMOUNT OF EUR200 MILLION.‍IS CONFIDENT THAT IT WILL RECEIVE SUFFICIENT SUPPORT FROM ITS RELEVANT FINANCE PROVIDERS TO OBTAIN THESE LIMITED WAIVERS​.‍THERE CAN BE NO ASSURANCE THAT COMPANY WILL BE ABLE TO REACH AGREEMENT WITH ITS FINANCE PROVIDERS ON ACCEPTABLE TERMS OR AT ALL​.‍EXPECTS TO BE IN POSITION TO PAY CASH INTEREST ON ALL ITS FINANCIAL INDEBTEDNESS AT ORDINARY RATE OVER NEAR TERM PERIOD​.‍EXPECTS TO REPORT ON TRADING PERFORMANCE OF ITS UNDERLYING BUSINESSES FOR QUARTER ENDING DEC 31 IN LAST WEEK OF FEBRUARY​.

Lewis Group Granted Approval For Acquisition Of United Furniture Outlets

Wednesday, 17 Jan 2018 12:05am EST

Jan 17 (Reuters) - Lewis Group Ltd ::‍COMPETITION AUTHORITIES YESTERDAY GRANTED APPROVAL FOR ACQUISITION OF UNITED FURNITURE OUTLETS PROPRIETARY LIMITED​.‍ACQUISITION WILL BE ACCOUNTED FOR BY LEWIS WITH EFFECT FROM 1 FEBRUARY 2018​.‍ALL CONDITIONS PRECEDENT TO ACQUISITION HAVE NOW BEEN MET AND ACQUISITION IS ACCORDINGLY UNCONDITIONAL​.

Beter Bed Holding To Appoint John Kruijssen As New CEO

Tuesday, 16 Jan 2018 02:03am EST

Jan 16 (Reuters) - BETER BED HOLDING NV ::NEW CHIEF EXECUTIVE OFFICER BETER BED HOLDING.NEW CHIEF EXECUTIVE OFFICER BETER BED HOLDING.‍INTENDS TO APPOINT JOHN KRUIJSSEN AS CHIEF EXECUTIVE OFFICER (CEO) AND STATUTORY DIRECTOR​.‍JOHN KRUIJSSEN WILL BE INVOLVED IN DAY-TO-DAY OPERATIONS AS PER APRIL 1, 2018​.

Dunelm Group Says ‍Total Revenue For Q2 Rose By 13.6 Pct To 297.5 Mln Pounds​

Tuesday, 16 Jan 2018 02:00am EST

Jan 16 (Reuters) - Dunelm Group Plc ::‍TOTAL REVENUE FOR Q2 ROSE BY 13.6% TO £297.5M​.EXPECT SOME MARGIN IMPROVEMENT IN SECOND HALF​.Q2 ‍TOTAL LIKE-FOR-LIKE (LFL) REVENUE GREW BY 3.4%​.OPENED FIVE NEW STORES IN QUARTER, INCLUDING ONE RELOCATION.‍REMAIN ON TRACK, WITH GOOD SALES GROWTH AND MARKET SHARE GAINS, OFFSET BY MARGIN MIX​.‍GROUP GROSS MARGIN PERCENTAGE FOR HALF YEAR WAS 180BPS LOWER THAN LAST YEAR​.‍WELL POSITIONED TO DELIVER GOOD FULL YEAR PROFIT GROWTH, AFTER SMALL REDUCTION IN FIRST HALF, LARGELY DUE TO CONSOLIDATION OF WORLDSTORES LOSSES​.

Aspen Pharmacare Says Has Had No Contact With Viceroy Research

Tuesday, 9 Jan 2018 07:54am EST

Jan 9 (Reuters) - Aspen Pharmacare Holdings Ltd ::HAS HAD NO CONTACT WITH VICEROY RESEARCH AND, AS SUCH, IS UNABLE TO CONFIRM THAT SPECULATION IS CORRECT.IS NOT AWARE OF ANY INFORMATION OF A PRICE SENSITIVE NATURE THAT REQUIRES COMMUNICATION TO SHAREHOLDERS​.

Adairs Ltd Sees ‍Total Sales For 1H18 At $149.1 Million

Tuesday, 9 Jan 2018 02:10am EST

Jan 9 (Reuters) - Adairs Ltd ::‍TOTAL SALES FOR 1H18 ARE EXPECTED TO BE $149.1 MILLION, REPRESENTING A 19.8% INCREASE ON PRIOR PERIOD​.1H18 EBIT IS EXPECTED TO BE BETWEEN $21.0 MILLION & $21.5 MILLION.‍SEES FY SALES OF BETWEEN $300 AND $310 MILLION​.SEES FY ‍EBIT OF BETWEEN $40 AND $44 MILLION​.HY ‍LIKE FOR LIKE SALES, UP 14.8%​.

Havertys Reports Sales For Fourth Quarter And Impact Of Tax Act

Monday, 8 Jan 2018 06:29am EST

Jan 8 (Reuters) - Haverty Furniture Companies Inc ::HAVERTY FURNITURE COMPANIES- TOTAL WRITTEN SALES FOR Q4 OF 2017 WERE UP 0.3%, WRITTEN COMPARABLE STORE SALES DECREASED 0.7% OVER SAME PERIOD LAST YEAR.HAVERTYS REPORTS SALES FOR FOURTH QUARTER AND IMPACT OF TAX ACT.Q4 SAME STORE SALES FELL 3.5 PERCENT.Q4 SALES $215 MILLION VERSUS I/B/E/S VIEW $221.2 MILLION.- REDUCTION IN CORPORATE RATE WILL REQUIRE ONE-TIME REVALUATION OF CERTAIN TAX-RELATED ASSETS.HAVERTY FURNITURE COMPANIES - BASED ON PRELIMINARY ESTIMATES, REVALUATION TO RESULT IN ONE-TIME TAX CHARGE OF $3.5 MILLION TO $4.0 MILLION.

‍Sanlam Updates On Exposure To Steinhoff International Holdings ​

Thursday, 21 Dec 2017 08:00am EST

Dec 21 (Reuters) - Sanlam Ltd ::‍SANLAM EXPOSURE TO STEINHOFF INTERNATIONAL HOLDINGS NV​.SANLAM - ‍HAS EXPOSURE TO STEINHOFF INSTRUMENTS IN ON-BALANCE SHEET POLICYHOLDER ,SHAREHOLDER PORTFOLIOS, INVESTMENT PORTFOLIOS MANAGED ON BEHALF OF THIRD PARTY CLIENTS​.- ‍GROUP'S EXPOSURE TO STEINHOFF INSTRUMENTS ORIGINATED FROM NORMAL COURSE OF BUSINESS TRANSACTIONS, WITH MANY OF POSITIONS IN PLACE FOR A NUMBER OF YEARS​.‍EQUITY EXPOSURES WERE IN GENERAL IN LINE WITH OR SLIGHTLY ABOVE STEINHOFF'S BENCHMARK INDEX WEIGHTING ON 1 DECEMBER 2017​.‍DIRECT DEBT EXPOSURES WERE ALSO IN LINE WITH GROUP'S RISK MANAGEMENT FRAMEWORK​.‍BEST ESTIMATE POTENTIAL IMPACT ON GROUP'S 2017 AND FUTURE EARNINGS IS NOT SIGNIFICANT​.‍POTENTIAL IMPACT ON SANLAM CLIENTS' INVESTMENT RETURNS WILL VARY DEPENDING ON EACH INDIVIDUAL PORTFOLIO'S EXPOSURE TO DIFFERENT ASSET CLASSES​.- ‍POTENTIAL IMPACT ON SANLAM CLIENTS' INVESTMENT RETURNS WILL VARY DEPENDING ON EACH INDIVIDUAL PORTFOLIO'S EXPOSURE TO DIFFERENT ASSET CLASSE​.SANLAM - POTENTIAL FINANCIAL EFFECTS ON NET ASSET VALUE , EARNINGS WILL ONLY HAVE A MARGINAL EFFECT ON SOLVENCY RATIO WITHOUT IMPACTING DIVIDEND PAYMENT CAPABILITY​.

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