Talvivaara Mining Co. Plc. : The Administrator has requested confirmation of Talvivaara's Corporate Restructuring Programme
07 March 2017 - 1:01AM
Stock Exchange
Release
Talvivaara Mining Company Plc
6 March 2017
The Administrator
has requested confirmation of Talvivaara's Corporate Restructuring
Programme
Talvivaara Mining Company Plc
("Talvivaara" or the "Company") announces that the Administrator of
the Company's corporate reorganization proceedings has today filed
a request for confirmation of the Restructuring Programme of
Talvivaara to the District Court of Espoo. According to the
Administrator's request, all the special conditions set for the
confirmation and entry into force of the Restructuring Programme
have been fulfilled. Based on the final Draft Restructuring
Programme filed with the District Court of Espoo on 10 April 2015,
the Administrator was to notify the District Court of the
fulfillment of the special conditions and to request the
confirmation of the Restructuring Programme by 10 April 2017.
The entry into force of the
Company's Draft Restructuring Programme requires a decision from
the District Court of Espoo. Talvivaara anticipates the District
Court of Espoo to announce its decision regarding the confirmation
of the Restructuring Programme in the next few weeks. The Company
will inform the market on the decision in due course.
The Administrator's confirmation
request is available on the Talvivaara corporate website at
www.talvivaara.com/corporate-reorganisation.
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129
800
Pekka Perä, CEO
Pekka Erkinheimo, Deputy CEO
Castrén &
Snellman Attorneys Ltd Tel +358 20 7765765
Pekka Jaatinen, Attorney-at-Law
Talvivaara Adminstrator requested
confirmation of the ReOrg Plan
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via
Globenewswire
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