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.
The 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 firstname.lastname@example.org