The stock has shed 93% of its value since late last year, when Steinhoff reported financial irregularities and Chief Executive Officer Markus Jooste quit. Between 92% and 99% of holders of convertible bonds due 2021, 2022 and 2023 issued out of Steinhoff Finance Holding GmbH backed the plan, while holders of 89% of Stripes US Holding debt signed the agreement. The company still needs to complete final steps before the lock-up agreement with creditors becomes effective, Steinhoff said.