Nyrstar successfully completes increase of Structured Commodity Trade Finance Facility

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Overig advies 27/04/2017 07:24
Regulated Information - Inside Information
26 April 2017 at 19:00 CEST
Nyrstar today announced that it has successfully completed an increase of its multi-currency Structured Commodity Trade Finance Facility from EUR 400 million to EUR 500 million on a committed basis.

The Structured Commodity Trade Finance Facility includes an accordion to increase its size to EUR 750 million on a pre-approved but uncommitted basis. The amount that Nyrstar may draw-down under the facility is determined by reference to the value of Nyrstar's inventories and receivables (the borrowing base) and accordingly adjusts as commodity prices change. On the basis of increased commodity prices, the borrowing base in recent months has been greater than the previous EUR 400 million committed facility limit.

Commenting on the increased facility limit, Chris Eger, Chief Financial Officer of Nyrstar, stated:

"Over the past several years, the Structured Commodity Trade Finance Facility has demonstrated that it is well suited to our business in order to finance changing working capital requirements and will continue to be a cornerstone for our long-term financing needs. Over the past 12 months we have experienced an increase in working capital requirements as a result of improved commodity prices. Augmenting this facility by EUR 100 million will further enhance the liquidity at an attractive cost of capital."

As was previously disclosed by Nyrstar on 14 April 2017 in the announcement for the Special General Meeting to be held on 18 May 2017, Nyrstar has further strengthened its balance sheet at the end of March 2017 with the entry between Nyrstar and Goldman Sachs of an additional USD 60 million silver prepay agreement with a 6 month grace period followed by a 6 month amortisation.

AND

Nyrstar: Publication of a transparency notification
Regulated Information
(Article 14, first paragraph, of the Belgian Act of 2 May 2007 on the disclosure of major shareholdings)

27 April 2017 at 19.00 CET
Summary of the transparency notification
Nyrstar NV (the "Company") announces today that on 26 April 2017 it has received a transparency notification from Norges Bank.

Pursuant to the aforementioned notification, undertakings controlled by Norges Bank.:
hold 36,640 voting rights of the Company, representing 0.04% of the outstanding voting rights in the Company; and

can acquire 2,740,238 voting rights of the Company after exercise of equivalent financial instruments, representing 2.93% of the outstanding voting rights in the Company.

As a result, a total of 2,776,878 voting rights, representing 2.97% of the outstanding voting rights in the Company, have been notified by Norges Bank. pursuant to the Belgian Act of 2 May 2007 on the disclosure of major shareholdings.

Content of the transparency notification

The notification dated 13 March 2017 contains the following information:

Reason for the notification

Acquisition or disposal of voting securities or voting rights. Downward crossing of the lowest threshold.

Notification by

A person that notifies alone

Persons subject to the notification requirement

Norges Bank (the Central Bank of Norway).

For further detail, see the full text of the transparency declaration, available on the website of Nyrstar via http://www.nyrstar.com/investors/en/shareholderinformation/Pages/shareholderstructure.aspx

Date on which the threshold is crossed

25 April 2017

Treshold that is crossed
3% Denominator 93,563,960

Notified details

For further detail, see the full text of the transparency declaration, available on the website of Nyrstar via http://www.nyrstar.com/investors/en/shareholderinformation/Pages/shareholderstructure.aspx

Chain of controlled undertakings through which the holding is effectively held

The chain of controlled undertakings is comprehensively set out in the full text of the transparency declaration, available on the website of Nyrstar via http://www.nyrstar.com/investors/en/shareholderinformation/Pages/shareholderstructure.aspx

Miscellaneous
This press release can be consulted on the website of Nyrstar via http://www.nyrstar.com/investors/en/news/Pages/news.aspx.

Contact person for questions on the transparency press release, the notification and the shareholder structure of the Company: Company Secretary, company.secretary@nyrstar.com.

- ENDS -

AND
Nyrstar announces sale of Campo Morado mine for a total cash consideration of USD 20 million
Regulated Information - Inside Information

27 April 2017 at 23.30 CEST

Nyrstar NV ("Nyrstar" or the "Company") today announces that it has entered into a Share Purchase Agreement (the "Agreement") to sell its Campo Morado mine in Mexico to Telson Resources Inc. ("Telson") and Reynas Minas S.A. de C.V. ("Reynas Minas") for a total cash consideration of USD 20 million (the "Consideration"), plus the potential for additional future proceeds through the creation of a new royalty on the Campo Morado mine (the "Transaction").

Telson is a Canadian based junior resources company and trades on the TSX Venture Exchange under the symbol TSN. Pursuant to the Agreement, Telson will own 99.9% of the purchased shares while Reynas Minas, a Mexican based mining consulting company, will own the other 0.1%.

The Consideration payable to Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon signing the Agreement, USD 2.7 million payable in cash by the closing of the Transaction, and USD 16.5 million payable in cash on or before the 12 month anniversary of the closing of the Transaction. Closing of the Transaction is subject to customary closing conditions and is expected to occur by Q3 2017.

BMO Capital Markets Limited and Lazard & Co. are acting as financial advisors to Nyrstar in connection with the Transaction.







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