Roel050 schreef op 17 januari 2023 18:37:
The Steinhoff Group intends to sell approximately 34.5 million ordinary shares (the “Placement Shares”) in the capital of Pepco Group, through a placement to institutional investors (the “Placement”).
The Placement Shares represent up to 6% of Pepco Group’s issued share capital, subject to the final terms of the Placement.
The Steinhoff Group intends to use the proceeds from the Placement
to reduce its outstanding debt.
Pepco Group will not receive any proceeds from the Placement.
The Placement is
separate from the maturity extension transaction announced by the Company on 15 December 2022 which the
Company continues to work towards and in respect of which further updates will be announced by the Company in due course.