Nyrstar: Scheme creditors vote to approve NN2 scheme
THIS NOTICE IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW
Regulated Information
Nyrstar: Scheme creditors vote to approve NN2 scheme
22 July 2019 at 21:00 CEST
Outcome of Scheme Meetings
Nyrstar NV (“Nyrstar” or the “Company”) today provides an update with regards to the meetings of the creditors of NN2 Newco Limited (“NN2”) in respect of the proposed scheme of arrangement of NN2 under Part 26 of the Companies Act 2006 (the “Scheme”) which took place today.
The meeting of creditors in respect of the Scheme (“Scheme Creditors”) holding the High Yield Notes (the “High Yield Notes Scheme Meeting”) commenced at approximately 10 a.m..
The meeting of Scheme Creditors holding the Convertible Bonds (the “Convertible Bonds Scheme Meeting”) commenced at approximately 10:15 a.m.
The Company confirms that the Scheme Creditors voted to approve the Scheme at the High Yield Notes Scheme Meeting and the Convertible Bonds Scheme Meeting (together, the “Scheme Meetings”).
At the High Yield Notes Scheme Meeting, Scheme Creditors representing 95.61% in value of the total scheme claims participated in the meeting (in person or by proxy), and the voting results were as follows:
- 278 High Yield Notes Scheme Creditors, representing 99.96% by value and 98.93% in number of those participating in the High Yield Notes Scheme Meeting, voted in favour of the Scheme; and
- 3 High Yield Notes Scheme Creditors, representing 0.04% by value and 1.07% in number of those participating in the High Yield Notes Scheme Meeting, voted against the Scheme.
At the Convertible Bonds Scheme Meeting, Scheme Creditors representing 98.87% in value of the total scheme claims participated in the meeting (in person or by proxy), and the voting results were as follows:
- 23 Convertible Bonds Scheme Creditors, representing 100% by value and 100% in number of those participating in the Convertible Bonds Scheme Meeting, voted in favour of the Scheme; and
- no Convertible Bonds Scheme Creditors voted against the Scheme.
As a result, the Scheme was approved by the Scheme Creditors.
Court Sanction
NN2 will now seek the sanction of the Scheme by the High Court at a hearing currently scheduled to take place on 26 July 2019 at the Companies Court, Rolls Building, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL.
Should you have any questions regarding the outcome of the Scheme Meetings, please contact the Information Agent via email at or by telephone on 0.
Further details of Nyrstar’s recapitalisation may be found here: .
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: .
For further information contact:
Anthony Simms - Head of Investor Relations & Insured Risk T: M:
Franziska Morroni - Head of Corporate Communications T: M:
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