DGAP-Adhoc: Steinhoff International Holdings N.V.: Updates on process

DGAP-Ad-hoc: Steinhoff International Holdings N.V. / Key word(s): 
Miscellaneous 
Steinhoff International Holdings N.V.: UPDATES ON PROCESS 
 
10-Dec-2017 / 20:19 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR, transmitted by 
DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*STEINHOFF INTERNATIONAL HOLDINGS N.V. - UPDATES ON PROCESS* 
 
Stellenbosch, 10 December 2017 
 
Reference is made to the announcement released on 8 December 2017, in which 
the Steinhoff International Holdings N.V. Group ("the Group") announced the 
rescheduling of its regular annual lender meeting in London from 11 December 
to 19 December 2017. In advance of this meeting, the Group wishes to provide 
the following updates: 
 
*Appointment of an International Advisory Team* 
 
The Group announces that Moelis & Company ("Moelis") and AlixPartners have 
been appointed as independent financial advisor and operational advisor 
respectively with immediate effect. Moelis will support and advise on the 
Group's discussions with its lenders, while AlixPartners will assist on 
liquidity management and operational measures. 
 
*Immediate Stabilisation * 
 
The Group is currently fully focussed on safeguarding operational liquidity 
to continue funding existing operations throughout its various subsidiaries. 
In this context, the Group is asking for and requires continued support in 
relation to existing facilities from all its lenders to achieve an immediate 
stabilisation of the Group's financing. 
 
*Lender Meeting* 
 
The purpose of the meeting will be for the Group to provide an update on its 
ongoing operational and financial situation. An agenda for the meeting will 
be circulated ahead of 19 December 2017. 
 
*Caution * 
 
Shareholders and other investors in the company are advised to exercise 
caution when dealing in the securities of the group. 
 
10-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language: English 
Company:  Steinhoff International Holdings N.V. 
          Herengracht 466 
          1017 CA Amsterdam 
          Netherlands 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
Internet: www.steinhoffinternational.com 
ISIN:     NL0011375019 
WKN:      A14XB9 
Indices:  MDAX 
Listed:   Regulated Market in Frankfurt (Prime Standard); Regulated 
          Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, 
          Stuttgart, Tradegate Exchange 
 
End of Announcement DGAP News Service 
 
637443 10-Dec-2017 CET/CEST 
 
 

(END) Dow Jones Newswires

December 10, 2017 14:19 ET (19:19 GMT)