NYRSTAR NV Regulated Information
18 January 2016
Nyrstar NV (the "Company") held an extraordinary general shareholders' meeting ("EGM") in Brussels today at which the proposal to permit a rights offering was approved. The proposal for the planned rights offering was approved with a majority of 99.79 % of the votes represented.
The planned rights offering consists of a capital increase in cash with a maximum amount of EUR 275 million (including issue premium), with statutory preferential subscription rights for the existing shareholders of the Company to subscribe for the new shares. The EGM further decided to delegate to certain directors and certain members of the senior management of the Company the powers to further implement the rights offering.
Bill Scotting, Chief Executive Officer of Nyrstar, commented: "Today's shareholder approval for our planned rights offering marks a further important step in executing our package of balance sheet strengthening measures as announced on 9 November 2015. The planned capital increase of up to EUR 275 million (including issue premium) through the issuance of new ordinary shares remains on schedule for launch following the release of our full year results for 2015."
The EGM also approved, with a 100 % majority of the votes represented, the proposed cancellation of all 12,571,225 own shares held by the Company.
A first EGM had already been held on 23 December 2015, but it had to be reconvened because the attendance (quorum) requirement for deliberation and voting was not met. There was no attendance (quorum) requirement for today's EGM.
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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, China and Australia and employs approximately 5,000 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:
http://www.nyrstar.com.
Important information
This announcement is for general information only. It does not constitute, or form part of, an offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for, nor shall there be any sale or purchase of, the securities referred to herein, in any jurisdiction in which such offer, invitation, solicitation, sale, issue, purchase or subscription would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. In particular, this announcement is not an offer of securities for sale in the United States. Any such securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any part of any offering in the United States or to conduct a public offering of securities in the United States. Any offering of securities will be made by means of an offering document that will contain detailed information about the company and management as well as financial statements. This announcement is not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of 4 November 2003, as amended and as implemented respectively in each member State of the European Economic Area (the "Prospectus Directive"). This announcement does not, and shall not, in any circumstances constitute a public offering nor an invitation to the public in connection with any offer to buy or subscribe for securities in any jurisdiction.
For further information contact:
Anthony Simms Group Manager Investor Relations T: +41 44 745 8157 M: +41 79 722 2152 anthony.simms@nyrstar.com:
mailto:anthony.simms@nyrstar.com
Greg Morsbach Group Manager Corporate Communications T: +41 44 745 8295 M: +41 79 719 2342 gregory.morsbach@nyrstar.com:
mailto:gregory.morsbach@nyrstar.com
The full press release can be downloaded from the following link:
http://hugin.info/138416/R/1979565/725130.pdf
Press Release (English):
http://hugin.info/138416/R/1979565/725129.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nyrstar via Globenewswire
