Nyrstar: NN2 Scheme Sanctioned by High Court
27 July 2019 - 4:30AM
Nyrstar: NN2 Scheme Sanctioned by High Court
THIS NOTICE IS
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES
OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD BE PROHIBITED BY APPLICABLE
LAW
Regulated Information
Nyrstar: NN2 Scheme Sanctioned by High
Court
26 July 2019 at 20.30 CEST
Court approval of NN2
Scheme
Nyrstar NV (“Nyrstar”) today provides an update
with regards to the proposed scheme of arrangement of NN2 Newco
Limited (“NN2”) under Part 26 of the Companies Act 2006 (the
“Scheme”).
As announced on 22 July 2019, the Scheme was
approved by the requisite majorities of NN2’s creditors at the
Scheme meetings held on 22 July 2019, and NN2 would seek the
sanction of the Scheme by the High Court at a hearing to be held
today, 26 July 2019 (the “Sanction Hearing”).
Nyrstar hereby announces the Scheme was approved
at the Sanction Hearing by an order of Mr Justice Norris dated 26
July 2019 (the “Sanction Order”). The Sanction Order has been
filed at Companies House and the Scheme is now effective and the
scheme steps are expected to take place when the recapitalisation
of the group completes, in accordance with the information set out
in the Scheme Documentation and summarised in the Practice
Statement Letter.
Further details of Nyrstar’s recapitalisation
may be found here:
https://www.nyrstar.com/en/investors/restructuring/scheme-of-arrangement-materials.
None of the Trustees, the Information Agent or
any of their respective agents accepts any responsibility for the
information contained in this announcement and none of the Nyrstar
NV, NN2 Newco Limited, the Trustee, the Information Agent, or any
of their respective directors, employees or affiliates makes any
representation or recommendation whatsoever regarding the practice
statement letter. No offer to acquire any Convertible Bonds or High
Yield Notes is being made pursuant to this announcement. If
beneficial holders are in any doubt as to the action they should
take, they should seek their own financial and legal advice,
including in respect of any tax consequences, immediately from
their broker, bank manager, solicitor, accountant or other
independent financial, tax or legal adviser.
This announcement does not constitute an offer
to purchase the Convertible Bonds or High Yield Notes or the
solicitation of an offer to sell Convertible Bonds or High Yield
Notes. This notice is addressed only to holders of the Convertible
Bonds and/or High Yield Notes who are persons to whom it may
otherwise be lawful to distribute it (“relevant persons”). It is
directed only at relevant persons and must not be acted on or
relied on by persons who are not relevant persons.
THIS DOCUMENT IS NOT AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY SHARES, BONDS OR OTHER SECURITIES
OF NYRSTAR NV. THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN OR INTO THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
About Nyrstar
Nyrstar is a global multi-metals business, with
a market leading position in zinc and lead, and growing positions
in other base and precious metals, which are essential resources
that are fuelling the rapid urbanisation and industrialisation of
our changing world. Nyrstar has mining, smelting and other
operations located in Europe, the Americas and Australia and
employs approximately 4,200 people. Nyrstar is incorporated in
Belgium and has its corporate office in Switzerland. Nyrstar is
listed on Euronext Brussels under the symbol NYR. For further
information please visit the Nyrstar website: www.nyrstar.com.
For further information contact:
Anthony Simms - Head of
Investor Relations & Insured Risk T: +41 44 745 8157
M: +41 79 722 2152
anthony.simms@nyrstar.com
Franziska Morroni - Head of Corporate
Communications
T: +41 44 745 8295
M: +41 79 719 2342 franziska.morroni@nyrstar.com
- Nyrstar- Announcement re Scheme sanction EN 26072019 (1)
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