Some Steinhoff shareholders to start getting settlement cash from Wednesday | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 80%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Retail shareholders of Steinhoff International who saw the value of their investments almost wiped out in the wake of its accounting scandal will start receiving settlement cash from Wednesday. | News24_Business

Retail shareholders of Steinhoff International who saw the value of their investments almost wiped out in the wake of its accounting scandal will start receiving settlement cash from Wednesday.

The Stichting Steinhoff Recovery Foundation , an independent body set up to assess claims, has indicated it will commence with the distribution of cash recoveries to valid individual and institutional market purchase claimants on 10 May, the retailer said in a statement on Monday. The foundation has previously indicated it has received 43 000 claims worth €3.2 billion , and it needed time to verify claims.

Claimants, however, are sharing a"pot" of about €1.4 billion to make up for the losses they incurred when Steinhoff's shares plummeted, and what they will receive will vary, as it also depends on when they bought their shares. "We are extremely pleased to have reached the stage in this process where we are able to distribute payments to eligible claimants," SRF chairperson Marcel Windt said in a statement.

"The SRF has overseen a thorough process and I’d like to thank the many parties involved for their contributions along the way, as well as the claimants for their cooperation and patience.”

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

EXCLUSIVE: FSCA has 75 market abuse cases open involving listed securitiesThe cases include investigations into Steinhoff, Tongaat Hulett, PPC and Ayo Technology Solutions
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Nova-controlled company wants to buy the ‘tombstone’ mallIf successful, Villa Retail – which the Nova Property Group controls – envisages completing The Villa project. Moneyweb Property
Herkunft: Moneyweb - 🏆 5. / 77 Weiterlesen »