RNS15 Jun 2016 18:59
The Board of Steinhoff confirms that it that it has acquired 61,212,467 ordinary shares of 1 pence each in Poundland (the "Shares") which represent 22.78% of Poundland's issued share capital.
Further to this morning's announcement, Steinhoff confirms that any possible offer for Poundland will be made in cash.
Motivated buyers this could happen very quickly. good for everyone if sale goes through