Steinhoff International Holdings N.V.
(Incorporated in the Netherlands)
(Registration number: 63570173)
Share Code: SNH
ISIN: NL0011375019
STEINHOFF INTERNATIONAL HOLDINGS N.V. – ANNOUNCEMENT OF VOTING RESULTS
WHOA RESTRUCTURING PLAN
The voting period in connection with the Dutch law restructuring plan (akkoord) (“WHOA Restructuring
Plan”) of Steinhoff International Holdings N.V. (“SIHNV”) ended on 24 May 2023 at 23:59 CET. Unless
defined otherwise, terms used in this announcement will have the meaning given to them in the WHOA
Restructuring Plan.
SIHNV hereby announces the voting results following receipt of the:
• certification letters of the Steinhoff Agents in connection with the voting results of the Class of
Affected CPU Creditors;
• the submitted voting forms of each Secured Intra-Group Creditor;
• the submitted voting form of the Unsecured Intra-Group Creditor; and
• the notarial record (notariële proces-verbaal-akte) from Mr. G. ter Braak, civil-law notary in
Amsterdam, the Netherlands, in connection with the voting results of the Class of SIHNV
Shareholders.
The voting results of the Class of Affected CPU Creditors are set out below
Guarantee Commitments with votes cast in
favour of the WHOA Restructuring Plan (EUR)
EUR 7,187,879,903.05
Guarantee Commitments with votes cast
against the WHOA Restructuring Plan (EUR)
EUR 0
Total Guarantee Commitments of voting
Affected CPU Creditors (EUR)
EUR 7,187,879,903.05
100 per cent of the Class of Affected CPU Creditors voted in favour of the WHOA Restructuring Plan.
This is more than two-thirds of the Guarantee Commitments of the relevant members of the Class of
Affected CPU Creditors that voted in respect of the WHOA Restructuring Plan. The Class of Affected
CPU Creditors has therefore approved the WHOA Restructuring Plan.
The voting results of the Class of Secured Intra-Group Creditors are set out below
Each Secured Intra-Group Creditor has cast a vote in favour of the WHOA Restructuring Plan in respect
of the claims as per the Voting Record Date which are set out in the table below.
Steinhoff Africa Holdings Proprietary Limited ZAR 4,320,689,089
Steenbok Newco 2A Limited EUR 719,810,632
100 per cent of the Class of Secured Intra-Group Creditors voted in favour of the WHOA Restructuring
Plan. This is more than two-thirds of the total claims of the relevant members of the Class of Secured
Intra-Group Creditors that voted in respect of the WHOA Restructuring Plan. The Class of Secured
Intra-Group Creditors has therefore approved the WHOA Restructuring Plan.
The voting results of the Class of Unsecured Intra-Group Creditor are set out below
Ibex Retail Investments Limited as the sole Unsecured Intra-Group Creditor has cast a vote in favour
of the WHOA Restructuring Plan in respect of its claim for the amount of EUR 150,141,367 as per the
Voting Record Date.
100 per cent of the Class of Unsecured Intra-Group Creditor voted in favour of the WHOA Restructuring
Plan. This is more than two-thirds of the total claims of the relevant members of the Class of Unsecured
Intra-Group Creditor that voted in respect of the WHOA Restructuring Plan. The Class of Unsecured
Intra-Group Creditor has therefore approved the WHOA Restructuring Plan
The voting results of the Class of SIHNV Shareholders are set out below
Nominal value of SIHNV Shares with votes cast
in favour of the WHOA Restructuring Plan
(EUR)
EUR 1,761,239.03 (JSE: EUR 1,756,045.03 /
FSE: EUR 5,194.00)
Number of SIHNV Shares with votes cast in
favour of the WHOA Restructuring Plan
176,123,903 (JSE: 175,604,503 / FSE: 519,400)
Nominal value of SIHNV Shares with votes cast
against the WHOA Restructuring Plan (EUR)
EUR 15,213,859.91 (JSE: EUR 313,146.44 / FSE:
EUR 14,900,713.47)
Number of SIHNV Shares with votes cast
against the WHOA Restructuring Plan
1,521,385,991 (JSE: 31,314,644 / FSE:
1,490,071,347)
Total nominal value of SIHNV Shares of voting
SIHNV Shareholders
EUR 16,975,098.94 (JSE: EUR 2,069,191.47 /
FSE: EUR 14,905,907.47)
Total number of SIHNV Shares of voting SIHNV
Shareholders
1,697,509,894 (JSE: 206,919,147 / FSE:
1,490,590,747)
10.38 per cent of the Class of SIHNV Shareholders voted in favour of the WHOA Restructuring Plan.
This is less than two-thirds of the nominal value of SIHNV Shares of the relevant members of the Class
of SIHNV Shareholders that voted in respect of the WHOA Restructuring Plan. The Class of SIHNV
Shareholders has therefore not approved the WHOA Restructuring Plan.
To conclude, the WHOA Restructuring Plan has been approved by three of the four Classes. The voting
results will be included in the Voting Report. The Voting Report will be published on
www.steinhoffinternational.com ultimately on Wednesday 31 May 2023.
As a next step, SIHNV will consider if it intends to request the Court to confirm the WHOA Restructuring
Plan.
On 23 May 2023, a shareholder, SdK Schutzgemeinschaft der Kapitalanleger e.V., filed a petition with
the Court to request the Court to appoint a restructuring expert (herstructureringsdeskundige) in
accordance with Section 371 Dutch Bankruptcy Act (Faillissementswet). The Court hearing on such
petition will take place on 1 June 2023. The petition does not affect the voting results.
Further updates and information will be made available on www.steinhoffinternational.com.
SIHNV has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the JSE
Limited.
Stellenbosch, South Africa
29 May 2023
JSE Sponsor: PSG Capita
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