STELLENBOSCH, South Africa–(BUSINESS WIRE)–STEINHOFF INTERNATIONAL HOLDINGS PROPRIETARY LIMITED (“THE COMPANY”) NOTICE OF THE AVAILABILITY OF A s155 PROPOSAL
Notice is hereby given to inter alia certain creditors (“Scheme Creditors”) of Steinhoff International Holdings Proprietary Limited (“the Company”), of a proposed scheme of arrangement and compromise (the “Scheme”), and of the availability of the proposal / Scheme document (the “Proposal”).
1 ACCESSING THE PROPOSAL AND ITS ANNEXURES
The Proposal and its annexures are available at www.SteinhoffSettlement.com, and by completing a request form from the Registrar of the High Court of South Africa, Western Cape Division, Cape Town.
2 FURTHER COMMUNICATIONS
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Proposal”) under the
Bankruptcy and Insolvency Act (Canada) (the “
BIA”), pursuant to which the Company will implement a recapitalization of the Company’s outstanding CDN$35 million principal amount of 8.0% unsecured convertible debentures (the “
Debentures”) and all other debts of the Company (the “
Recapitalization”). The amended proposal (the “
Amended Proposal”) was made with the support of the holders of Debentures who were party to the previously announced support agreement in respect of the Recapitalization.
A full copy of the Amended Proposal is available from KSV Restructuring Inc., as proposal trustee in respect of the Amended Proposal, at www.ksvadvisory.com/insolvency-cases/case/nabis-holdings (the “
Proposal”) under the
Bankruptcy and Insolvency Act (Canada) (the “
BIA”), pursuant to which the Company will implement a recapitalization of the Company’s outstanding CDN$35 million principal amount of 8.0% unsecured convertible debentures (the “
Debentures”) and all other debts of the Company (the “
Recapitalization”). The amended proposal (the “
Amended Proposal”) was made with the support of the holders of Debentures who were party to the previously announced support agreement in respect of the Recapitalization.
A full copy of the Amended Proposal is available from KSV Restructuring Inc., as proposal trustee in respect of the Amended Proposal, at www.ksvadvisory.com/insolvency-cases/case/nabis-holdings (the “