Nä, damit hat das alles nichts zu tun. Das Gericht hatte nur seine vorherige Meinung in Bezug auf ein Verkaufsverbot zu tun. Die ehemaligen Tekkie Eigentümer hatten vor Gericht vorsichtshalber ein Verkaufsverbot erwirkt. Steinhoff selbst sagte zuvor schon das gar nichts verkauft werden soll.
Dieses vom Gericht auferlegte Verbot ist nun hinfällig. Verkauft wird dennoch nichts.
Meine Frage an die IR bezog sich jedoch aufs GS und ob die ehemaligen Eigentümer von Tekkie noch Teil davon sind obwohl dieses Urteil aufgehoben wurde.
Steinhoff meinte dann, dass diese Urteil nichts damit zu tun hat.
Auszug aus der AR2019
Tekkie Town and Town Investments
The Group acquired a 100% interest in Tekkie Town in two phases as follows:
• A special purpose vehicle, Town Investments, was set up for the purpose of the Tekkie Town acquisition. Town Investments was funded and guaranteed
by the Group, but owned by a third party in the Campion Group. Town Investments acquired 43.06% of the shares in Tekkie Town from a previous
shareholder for cash, which was funded by a loan from the Group to Town Investments.
• The Group then obtained 100% of the interest in Tekkie Town in exchange for Steinhoff shares. The Group issued approximately 18 million Steinhoff shares
as consideration to Town Investments for the 43.06% interest in Tekkie Town and approximately 25 million Steinhoff shares to the management of Tekkie
Town for the remaining 56.94% interest in Tekkie Town.
Town Investments was established with assistance from the Group in order to acquire Steinhoff shares. There was insufficient evidence during the 2018
Reporting Period to suggest that the Group controlled the activities of Town Investments in the absence of holding voting rights despite strong indicators of
control. The Group was exposed to variable returns arising from the loan funding provided to acquire the shares.
Management concluded that for the 2018 Reporting Period it should not consolidate Town Investments but accounted for the transaction entered into with
Town Investments in order to reflect the substance of the transaction and the Group’s exposure. Since the only assets held by Town Investments were the
shares in Steinhoff N.V., the repayment of the loan to the Group is dependent on the performance of the underlying Steinhoff shares. The Group was therefore
exposed to negative returns from Town Investments in respect of the funding it has provided, and the third party shareholders of Town Investments were
exposed to possible upside to the extent the value of the Steinhoff shares exceeds the funding provided by the Group. In substance, such a structure is akin to
Steinhoff N.V. issuing a call option on its own shares, and a share-based payment expense should therefore be recognised. The Group did not consolidate this
entity during the 2018 Reporting Period, but management did recognise the Steinhoff shares held by Town Investments as treasury shares and recognised the
related share based payment expense.
During the 2019 Reporting Period the Group acquired 100% of the ordinary shares of Town Investments in January 2019 as part of the Campion Group
settlement, therefore Town Investments will be consolidated from this acquisition date. The 17.9 million Steinhoff shares continue to be treated as treasury
shares.
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