BRIEF-Stefanutti Stocks Gets More Short-Term Funding From Lenders

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BRIEF-Stefanutti Stocks Gets More Short-Term Funding From Lenders
Credit: © Reuters.

May 29 (Reuters) - Stefanutti Stocks Holdings Ltd SSKJ.J :

* JSE: SSK - RESTRUCTURING PLAN, COVID-19 UPDATE AND TRADING STATEMENT

* STEFANUTTI STOCKS HOLDINGS LTD - LENDERS HAVE AGREED TO PROVIDE ADDITIONAL SHORT-TERM FUNDING TO GROUP

* STEFANUTTI STOCKS HOLDINGS LTD - RESTRUCTURING PLAN IS ANTICIPATED TO BE IMPLEMENTED OVER FINANCIAL YEARS ENDING FEBRUARY 2021 AND FEBRUARY 2022

* STEFANUTTI STOCKS HOLDINGS LTD - RESTRUCTURING PLAN HAS NOW BEEN FULLY DEVELOPED, INCLUDING HAVING REGARD TO POTENTIAL IMPACT OF CORONAVIRUS

* STEFANUTTI STOCKS HOLDINGS LTD - HY EPS HEPS EXPECTED TO BE A LOSS OF BETWEEN 610,00 CENTS AND 650,00 CENTS PER SHARE RESPECTIVELY

* STEFANUTTI STOCKS - PURPOSE OF RESTRUCTING PLAN IS TO PUT IN PLACE OPTIMAL CAPITAL STRUCTURE AND ACCESS TO LIQUIDITY TO POSITION GROUP

* STEFANUTTI STOCKS - LENDERS HAVE AGREED TO PROVIDE CONTINUED GUARANTEE SUPPORT FOR PROJECTS BEING UNDERTAKEN BY GROUP

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