On 24 October 2017 Steinhoff repurchased 78.4 million Steinhoff shares at R61.40 per share or 3.73 euros per share at the prevailing exchange rates.
It surely smacks of a put option (the right to sell shares at a given price) that was exercised against Steinhoff or one of its special purpose entities.
Was it an option that was part of the PIC-backed Lancaster 101’s purchase of Steinhoff shares from Steinhoff itself? READ MORE
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