OREANDA-NEWS. March 24, 2016. BHS ("the Group"), the iconic British high street brand and retailer of clothing, homeware, lighting and furniture, is pleased to announce that creditors to BHS Properties Limited have voted to approve the proposed Company Voluntary Arrangements ("CVA") of BHS Properties Limited representing 23 stores.

This, together with the announcement earlier today that creditors voted to approve the CVA of BHS Limited representing 125 stores, will enable the Group to continue with its updated turnaround plan and safeguard the future of BHS, protecting thousands of UK jobs.

The CVA proposal was approved without amendment and by the requisite majority at the meeting held earlier today.

Commenting, Darren Topp, CEO of BHS said;

"On behalf of all at BHS I would like to thank our creditors and landlords of BHS Properties Limited for voting in favour of supporting this CVA.

"This is confirmation that BHS' creditors also believe that the right strategy is in place and we have

the right team to deliver that strategy. We look forward to updating all of our suppliers, creditors and

landlords on the future of BHS. We would like to thank our suppliers, colleagues and customers for their patience and support."