Expiration of Offer Received for Nyrstar’s 2% Shareholding in the Nyrstar Group
05 November 2019 - 6:00AM
Expiration of Offer Received for Nyrstar’s 2% Shareholding in the
Nyrstar Group
Regulated Information – Inside information
Expiration of Offer Received for Nyrstar’s 2% Shareholding in
the Nyrstar Group
4 November 2019 at 20.00 CET
Nyrstar NV ("Nyrstar" or the “Company”) today
provides a further update in respect of the revised offer for the
Company’s 2% shareholding in the Nyrstar Group which was retained
under the restructuring that was completed on 31 July 2019 (the
“Revised Offer”). As announced by the Company on 24 October 2019,
the Nyrstar Board has been reviewing the Revised Offer and has
sought input from an independent expert in accordance with the
process under Article 524 of the Belgian Companies Code (the “524
process”). The Company has been advised by such independent expert
that the expected timeline to complete the 524 process is
approximately 6 weeks.
The Board of Directors had therefore requested
from the Trafigura Group an extension of the Revised Offer beyond
the original deadline of 17.00 CET on 6 November 2019. Nyrstar
today announces that it has this afternoon received a response from
the Trafigura Group that the Revised Offer will not be extended. In
view thereof, the deadline for the Revised Offer will not be met
and the Revised Offer will therefore expire.
.
About NyrstarThe Company is incorporated
in Belgium and, following completion of the
recapitalisation/restructuring has a 2% shareholding in the Nyrstar
group. The Company is listed on Euronext Brussels under the symbol
NYR. For further information please visit the Nyrstar website:
www.nyrstar.be
For further information contact:
Anthony Simms - Head of
Investor Relations T: +41 44 745 8157 M:
+41 79 722 2152 anthony.simms@nyrstar.com
- Trafigura Unsolicited Offer EN 11102019
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