Steinhoff Informationsforum
https://www.pepcogroup.eu/investors/financial-reports/
The former owners of footwear retail company Tekkie Town have arrived at a settlement agreement with the Steinhoff Group, they said in a statement on Wednesday.
In terms of the settlement agreement, Steinhoff Africa Holdings will pay R500 million in aggregate to the former Tekkie Town owner claimants, and will deliver 29.5 million shares in Pepkor Holdings, subject to a lock-up of 180 calendar days following transfer.
In exchange, Steinhoff Africa Holdings will get control of all Steinhoff-related claims alleged by the former Tekkie Town owner claimants and related parties.
This brings a contentious chapter in the Steinhoff saga closer to conclusion, following an earlier bid by the former Tekkie Town owners to have the retailer liquidated. According to Tekkie Town's former owners, they were duped into trading shares in their then-profitable business for shares in Steinhoff.
Tekkie Town's former CEO, Bernard Mostert, previously told Fin24 that he and his fellow litigants wanted to have their business "restored", rather than receiving a payout under Steinhoff's global settlement proposal.
In September, Mostert also approached the Western Cape High Court in a bid to prevent a R25 billion settlement plan between Steinhoff and its claimants, saying that such a settlement would send a message that South Africa tolerated corporate immorality.
READ | Tekkie Town owners' long-awaited bid to have Steinhoff liquidated gets started
But now the former Tekkie Town owners say they are prepared to accept a settlement in the interests of moving forward with their new business.
Tekkie Town founder Braam van Huyssteen said an "increased focus" - without the distraction of litigation - coupled with the proceeds of the settlement, would be helpful. Van Huyssteen and Mostert started a new footwear chain in 2018, Mr Tekkie.
"In little less than three years, we have grown from zero stores to more than 160 stores and 800 wholesale accounts. With the litigation handbrake dropped, we can ramp up this business tremendously and significantly add to the almost 1 000 jobs we have created since August 2018," said Van Huyssteen.
Van Huyssteen also said Tekkie Town's participation in the settlement would help South African class action participants to share in the settlement proceeds, addressing the losses they suffered due to the Steinhoff scandal.
"We hope that this landmark and historical litigation will pave the way for legislation that will not hobble the man on the street to successfully participate in recovery processes of this nature. To that end we respect Steinhoff's final position to accommodate this class of claimant in the Steinhoff Global settlement," Van Huyssteen said.
READ | Former Tekkie Town CEO asks court to block Steinhoff's R25bn settlement plan
Mostert said having control of the Tekkie Town business restored to its former owners would be "the most logical and rational remedy".
"However, we have come to expect the unexpected. One such conclusion is that successful litigation and the return of control of the business would probably negatively impact the momentum that we enjoy in our current business.
"Our focus is now on moving forward and we take pride in the fact that we have built a successful business and are eager to do so for the second time," said Mostert.
Mostert said the former owners of Tekkie Town were "proud" that they delivered the business in good shape and that they wished Pepkor well taking it forward.
https://www.news24.com/fin24/companies/...ent-with-steinhoff-20211215
Schritt von seinen Ketten befreien können. Mein kursziel auf 12 Monatssicht sind 60 Cent.
Herzlichen Glückwunsch an uns Alle!!!
Wenige davon werden es über Nacht halten.
Gewinn mitnehmen.
0,20 werden wir sicher im Januar knacken
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Zeitpunkt: 15.12.21 21:17
Aktion: Löschung des Beitrages
Kommentar: Regelverstoß - unbelegte Aussage
Zeitpunkt: 15.12.21 21:17
Aktion: Löschung des Beitrages
Kommentar: Regelverstoß - unbelegte Aussage
Ich habe es genau gesehen beim abendlichen Stossgebet.
Freue mich weiterhin bescheiden und still. Bis zur finalen Siegesfeier ist es jedoch noch eine gewisse Wegstrecke und getreu dem Motto „man muss auch gönnen können“, gönne ich jeder und jedem Investierten, dass Sie/Er (und in der bunten Gender- und Ökorepublik) auch Es, die Errichtung der Steini-Siegessäule in FFM (oder sonstwo) live und GESUND miterleben und feiern können!
Quelle: https://www.anlegerverlag.de/totalabsturz-bei-steinhoff-5/
(Erschien wohl heuute um 15:50 Uhr...)
Die News kamen 30 Minuten vor JSE-Börsenschluss. Morgen ist an der JSE aufgrund Feiertag kein Handel. Der Freitag könnte es zeigen....
Wenn nein, dann ist meine Erwartung die, das bereits am 22.01.2021 , dem ersten Gerichtstag in der Sache "Sanktionierung" S155 eine "Absegnung" erfolgen könnte.
Eine Sanktionierung könnte die letzte "checkbox" bei Mazars sein...für das Testat
MF IPO gerne nach einer "Sanktionierung"..
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Zeitpunkt: 16.12.21 09:49
Aktion: Löschung des Beitrages
Kommentar: Regelverstoß - Beschäftigung mit Usern
Zeitpunkt: 16.12.21 09:49
Aktion: Löschung des Beitrages
Kommentar: Regelverstoß - Beschäftigung mit Usern