Steinhoff enters discussions with lenders to fund its European companies at subsidiary level. Teinhoff sells assets aoss to gain access to funds, conforama offloads Showroomprivé at about half its estimated value to carrefour. psa wants to join class action in sa the public Servants Association (psa a south African trade union, approaches the public Investment Corporation (PIC) to join a class action lawsuit. la grange resigns from steinhoff africa retail board ben la Grange (former cfo) resigns as non-executive director of Steinhoff Africa retail. 2 February 2018 resignation of directors and supervisory board change steinhoff announces the following board resignations: Mariza nel, Stephanus Johannes Grobler and Thierry guilbert. 5 February 2018 veb notifies steinhoff over class action the dutch Vereniging van Effectenbezitters (VEB) files a lawsuit against the company, stating that it published inaccurate and misleading information.
Sponsorship, proposal, examples, samples
Bondholders and Schuldschein lenders are invited by One Square Advisory services (restructuring specialists) to a teleconference to discuss their rights and interests. 20 December 2017 tilp (german) class action lawsuit filed a lawsuit is filed by tilp in Frankfurt, representing investors. 27 December 2017 mattress firm secures funding mattress Firm (US subsidiary) secures a 225 million dream abl facility to allow daily trading by sole bookrunner Barclays. 28 December 2017 m oodys downgrades to caa1 moodys downgrades Steinhoff to a caa1 corporate family rating and withdraws it from the national Scale ratings. 28 December 2017 steinhoff asia pacific appoints own board in an attempt to distance itself from its ailing parent company, steinhoff Asia pacific appoints its own board (it does not share any banking facilities or cross-guarantee/cross-default clauses with Steinhoff). 20 financial statements restated the company announces that the review of accounting irregularities is progressing and that 20 consolidated results will be restated. board changes the company announces further board changes: Ben la grange (CFO) steps down and Daniel van der Merwe is appointed acting ceo. Nominations are received for Alexandre nodale (Deputy ceo louis du Preez (Commercial Philip dieperink (new cfo pending formal appointment to the management board of the company intended (Chief Restructuring Officer) and Johan Geldenhuys (Head of Treasury). further funds acquired steinhoff Europe retail secures a 180 million two-year loan from hedge fund davidson Kempner (to cover costs of daily operations). conforama seeks funds/steinhoff funding concerns deepen to reduce its exposure to the Group, conforama seeks finance and appoints Rothschild to assist. The european Central Bank offloads Steinhoff bonds (estimated at 100 million).
Some suppliers of credit include bank of America, bnp paribas, China construction Bank, citigroup, commerzbank, credit Agricole, hsbc holdings, mizuho financial Group, natixis and royal Bank of Scotland. 13 December 2017 law firm appointed and lenders approach law firm company bondholders enter talks with Kirkland ellis and Hogan lovells regarding their rights. Steinhoff appoints law firm Linklaters as its advisor. 14 December 2017 wiese quits board steinhoff confirms misstatement of balance sheet assets (Steinhoff Europe) and confirms that 2016 results must be restated. Christo wiese resigns from the board, citing a conflict of interest. 19 December 2017 acting ceo review announced/new supervisory board announced/board changes steinhoff makes the following appointments: heather Sonn (acting Chair daniel van der Merwe (former coo) as acting ceo, alexandre nodale (acting Group Deputy ceo) continues as ceo of Conforama) and louis du Preez as Group. 19 December 2017 civil litigation pending in three countries steinhoff charged in civil suits by Andreas seifert (om handels) in Germany, the netherlands and Austria. 20 December 2017 steinhoff seeks legal advice and enters talks with lenders lending groups appoint legal advisors (Allen overy for Steinhoff Europe and Clifford Chance for south Africa).
9 11 December 2017, meeting to be held with lenders. A meeting with creditors (including us and essay European banks) is scheduled for 11 December to discuss a revolving credit facility.9 billion and a syndicated financing facility of 4 billion (to fund the acquisition of Mattress Firm). 9 11 December 2017, meeting with lenders postponed to 19 december. The meeting with creditors is delayed by a week to 19 December because full-year earnings are not yet available. 11 December 2017, wiese attempts negotiatintandstill on loans. Wiese attempts to stabilise the company (rumoured to owe creditors as much as 21 billion) by negotiating a standstill agreement on a 5 billon margin loan. 12 December 2017, advisors brought in, moelis company are appointed as independent financial advisors and AlixPartners as operational advisors. Jse announces an investigation into whether or not Steinhoff has breached jse listing requirements. Three biggest lenders grant extensions, the company gains support from three major creditors in the form of extensions on a revolving credit facility of 1 billion.
Steinhoff announces the resignation of Markus jooste (CEO) and that Pricewaterhousecoopers has been appointed to investigate possible accounting irregularities. Christo wiese is appointed as Executive chairman by the supervisory board and pieter Erasmus in an executive advisory capacity. 6 December 2017, germans continue probe, german authorities confirm that they are still continuing their investigation into four current and former managers of a group for accounting fraud. Shares continue to trade on jse and fse. To boost liquidity by 1 billion, Steinhoff releases non-core assets and refinances its long-term liabilities. Ben la grange continues his role as cfo as no evidence is found against him. Moodys downgrades Steinhoff to B1/Watch on the Global Scale and baa3 on the sa national Scale. 9 11 December 2017, board sub-committee established to bolster governance. The company establishes a board sub-committee to improve independent governance: The board consists of Dr Johan van Zyl, Dr Steve booysen and heather Sonn.
Sponsorship, proposal, strategies for events and Non-Profits
Pda, email: Tel: 1 (301) Summer Sale, top 5 Best Sellers, copyright pda. Please note your password is case-sensitive. User, password, remember me, forgot your User id or Password? Events before and after the Steinhoff smiles share price collapse 26 november 2015, german authorities raid steinhoff europe group services offices. Steinhoff confirms that the westerstede offices of Steinhoff Europe Group Services (segs) were searched by authorities relating to a review of balance sheet items. 4 December 2015, confirmation of dispute with partners, steinhoff announces that these nurse authorities found no evidence of any contravention of any provision of German commercial law.
Manager-magazin implicates jooste, manager-Magazin reports that Markus jooste was among employees under investigation by german prosecutors in relation to accounting fraud (in 2015)., steinhoff denies claims made. Steinhoff denies the manager-Magazin claims as wrong or misleading. 18 21 September 2017, joint venture partners lodge case, in a dispute about Steinhoff accounts of 2016 with a former jv partner, om handels GmbH and mw handels (owned by the former jv partner Steinhoff receives a petition for an annual accounts proceeding before the. Delay in release of financial statements. Steinhoff announces a delay in the release of audited results due to pending further investigations. 6 December 2017, ceo resigns/board appoints pricewaterhousecoopers to conduct independent probe.
The beneficiaries of the support are Unity Africa and the srcc foundation. To find out more: / view more Playback of this video is not currently available running Running we identify with the tenacity and spirit shown by runners, and sponsor a number of road races. Pwc nite race The Pwc nite race boasts the largest number of entrants of any road race in East London. View more Pwc george Claassen road Race The Pwc george Claassen Half Marathon is a popular event amongst locals and visitors, and offers runners an enjoyable but challenging course through the beautiful suburbs of Pretoria. View more Pwc kosmos 3-in-1 The Pwc kosmos 3-in-1 offers long distance runners the opportunity to get their Comrades qualifier under their belt. Runners can enter any or all of the distances on offer.
When: March Where: lake umuzi, secunda (Mpumalanga) Distances:.3km,.2km (Comrades qualifier.1km, 10km,.5km fun run. To find out more: / view more giving back biltong en Braai fees The biltong en Braai fees is hosted by hoërskool Secunda in September each year. The festival is a day of fun for the whole family, and as a proud sponsor, PwC has the opportunity to give back to the communities in which we operate. Giving back to the communities in which we operate is important to us). Product Catalog, featured Publications: pda publications, next. Previous, store categories, downloads, bookstore help, contact.
Sponsorship, proposal - eventbrite us blog
To find out more: view more, pwc mtb challenge, we host business clients and prospective clients at this event in the Cradle of Humankind. Two-rider teams participate, and in keeping with the spirit of the race, the time of the slowest rider counts. Its all about building relationships and having a great deal of fun in the process. Where: Kloofzicht Lodge spa, cradle of Humankind, (Gauteng). Distance: 40km view more Great zuurberg Trek the historic zuurberg mountain Village is home to the PwC Great zuurberg Trek mountain bike stage race. This niche event sees a small group of riders take on the challenging routes of the zuurberg, even venturing into the Addo Elephant Park. When: may where: house zuurberg mountains, Addo region (Eastern Cape) Distances: Three-day stage race with various distance options Proceeds from this event lend substantial support to the surrounding communities, including job creation, student bursaries and more recently a transport solution for children.
When: november, where: leopard Creek country Club (Mpumalanga). View more, world of Golf, pwC is one of the sponsors of the world of Golf, where golf enthusiasts enjoy a fun and friendly environment to practise every golf shot imaginable. (And because were serious about wellness, our staff can take free golf lesson as well.). View more, mountain biking (mtb mountain biking, mountain biking in south Africa is growing at an unprecedented rate. Through our cycling sponsorships we build strong relationships, and contribute to the wellness of our people. The Pwc bike park is the countrys first international standard suburban bike park, catering for all technical abilities from beginners to intermediate and pro riders. Its also great for company team building, breakaways and children's parties. (And because were serious about wellness, our staff get to ride there free of charge.). When: Open all year round, where: Bryanston (Gauteng distances: resume Various distance options.
include liv villages, legend Sport educational foundation, The Smile foundation, The goizololo centre for needy children, Qhubeka, mad charity and the sab caddies Trust. To find out more: t view more. Bmw sa open, pwC is one of the sponsors of the bmw sa open, south Africas oldest (and the worlds second oldest) and most prestigious golf tournament. This year, the tournament celebrated its 106th anniversary. Where: Glendower Golf Club, johannesburg (Gauteng). View more, nedbank golf Challenge, view more, alfred Dunhill Championship. PwC is one of the sponsors of the Alfred Dunhill Championship, which is part of the southern African Sunshine tour and one of four events in south Africa co-sanctioned by the prestigious European tour.
Playback of this video is not currently available. Golf, golf, many relationships are built and business concluded on the golf course. Through our golf sponsorships we get to know our clients and prospective clients on a different, more personal level. What better way to build relationships than out in the sunshine, over a great game of golf? International pairs south Africa, pwC co-sponsors this unique amateur golfing competition, which identities pairs of ordinary club golfers to represent their country at the International pairs World Final each year. There are close to 150 qualifying from events each year throughout south Africa, with the final hosted in Namibia. Bcx superSport Shootout, pwC is one of the sponsors of the bcx superSport Shootout tournament.
Instructions on submitting a proposal for sponsorship with British Airways
Dedication about and commitment are what transform dreams into reality. Millions of athletes and fans around the world dedicate their time to participate in, attend or watch sporting events. Were proud to play a role in turning their dreams into reality. Overview, through sponsorships we connect with our stakeholders whether its building the brand, creating relevance in a specific market segment, or creating a platform to build relationships. . When selecting sponsorship opportunities, we make sure we never compromise on our values of caring, making a difference and working together. While our corporate responsibility programmes focus on education and developing our industry, our sponsorships focus mainly on sports were inspired by these athletes and their commitment to greatness. . we also believe in giving back to our communities, and our sponsorships incorporate initiatives to help solve some of the important problems our country faces, in the community in which the event takes place.