Nyrstar: NN2 Scheme Sanctioned by High Court

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Overig advies 27/07/2019 08:28
. 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



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