387x Filetype PPTX File size 0.24 MB Source: pmg.org.za
Roles of the DMA and the JSE
Financial Services Board
Directorate of Market Abuse The DMA has the powers to -
investigate insider trading; false
statements, and market manipulation
by any person; and
institute civil and criminal
proceedings
JSE
Issuer Regulation Market Regulation
monitor listed entities’ adherence to the surveillance of trading in securities
JSE’s LR and enforcement of the LR; listed on the JSE to identify potential
identification of false statements insider trading or market
published by listed entities; and manipulation; and
report potential false statements to report potential insider trading or
DMA market manipulation to DMA
Steinhoff International on the JSE
Ordinary shares
Ordinary shares
Primary listing - FSE
Primary listing - FSE
Secondary listing - JSE
Secondary listing - JSE
Preference shares
Preference shares
Primary listing - JSE
Primary listing - JSE
Suspended 1 Mar 2018
Suspended 1 Mar 2018
DMTN bonds
DMTN bonds Ordinary shares
Primary listing - JSE Ordinary shares
Primary listing - JSE
Primary listing - JSE
Suspended 1 Mar 2018 Primary listing - JSE
Suspended 1 Mar 2018 3
Programme deregistered – 7 March 2018
Programme deregistered – 7 March 2018
Status of Steinhoff listings on JSE as at 23 Mar 2018
Issuer Securities Primary Secondary Status
Exchange Exchange
Steinhoff International Holdings NV Ordinary shares FSE JSE Unchanged
Steinhoff Investment Holdings Ltd Preference shares JSE - Suspended by JSE 1 Mar 2018
Steinhoff Services Ltd DMTN bonds JSE - Suspended by JSE 1 Mar 2018,
listing terminated and
programme deregistered 7
Mar 2018
Steinhoff Africa Retail Ltd Ordinary shares JSE - Unchanged
JSE Steinhoff Statistics for period 5 Dec 2017 to 23 Mar 2018
SENS messages 5 Dec 2017 to 31 Jan 2018 1 Feb 2018 to 23 Mar 2018*
Steinhoff International Holdings N.V. (ordinary shares) 29 13
Steinhoff Investment Holdings Limited (preference shares) 2 3
Steinhoff Services Limited (DMTP bonds) 8 1
Circuit breakers 5 Dec 2017 to 31 Jan 2018 1 Feb 2018 to 23 Mar 2018*
Steinhoff International Holdings N.V. (SNH) 159 27
All ordinary shares 1453 1019
SNH % of all ordinary shares 11% 3%
*12h00
Nature of regulatory steps to date
Issuer regulation
• Bond and preference share suspension
• Interaction with SNH regarding accounting concerns
• Awaiting PWC report
• Continued interaction with FSE
• Consideration of future preventative regulatory and governance
refinements
Market regulation
• Relevant trades referred to FSB for further investigation
• Continue to monitor trading activity as part of routine
surveillance
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