One Square Advisory Services S.à.r.l.
One Square Advisory Services GmbH: Accounting irregularities put Steinhoff’s bond prices heavily under pressure; Bondholders should bundle their interests in the near term
DGAP-News: One Square Advisory Services GmbH / Key word(s): Bond
Munich, 13. December 2017 – Steinhoff International Holdings N.V., parent company of Steinhoff Europe AG, issuer of the following fixed rate notes:
announced on 6. December 2017, following the announcement of the immediate resignation of CEO Markus Jooste, that certain accounting irregularities have emerged which require further investigations. Meanwhile, Steinhoff mandated Moelis and Alix Partners as financial advisors to represent the firm, in the upcoming investigations and the possible effects for investors. The capital markets already reacted to the negative news, leaving the share price to plunge and prices of the bonds issued and guaranteed by the Steinhoff Group to deteriorate. One Square Advisory Services GmbH (“One Square”), the European restructuring specialist, is in conversations with involved parties and large institutional bondholders. One Square recommends that all bondholders of Steinhoff Group should align and bundle their rights and interests in the best possible way. Bondholders are encouraged to register with One Square, specifying the bond held, on the home page at www.onesquareadvisors.com or by e-mailing steinhoff@onesquareadvisors.com for more information. Registered bondholders will be kept informed of new developments by One Square free of charge and invited to an investor telephone conference. Contact One Square Advisory Services GmbH Theatinerstr. 36 80333 Munich Germany steinhoff@onesquareadvisors.com www.onesquareadvisors.com
13.12.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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