Nyrstar issues 839,456 new shares under an existing incentive plan for employees - New denominator
30 Mars 2018 - 7:00PM
Regulated Information
30 March 2018 at 7:00 PM CEST
Capital
Increase
Nyrstar NV (the "Company")
announces that today it has issued 839,456 new ordinary shares in a
capital increase in cash for an amount of EUR 4,793,293.76
(consisting of capital and issue premium) within the framework of
the authorised capital. The new shares were subscribed for by
certain existing employees of the Company and its subsidiaries that
elected to use the net-cash equivalent of their award for
performance year 2017 under the Company's Annual Incentive Plan to
subscribe for new shares in the Company.
The new shares issued in the
aforementioned capital increase have the same rights and benefits
as, and rank pari passu in all respects,
including as to entitlement to dividends, with, the existing and
outstanding shares of the Company at the moment of their issuance
and will be entitled to distributions in respect of which the
relevant record date or due date falls on or after the date of
issuance of the new shares. The Company shall apply for the
admission of the new shares to trading on the regulated market of
Euronext Brussels.
New
Denominator
As a result of the share issue, in
accordance with Article 15 of the Belgian Act of 2 May 2007 on the
disclosure of significant shareholdings in issuers securities of
which are admitted to trading on a regulated market and containing
various other provisions, the status of Nyrstar's share capital and
outstanding voting securities as at 30 March 2018 can be
summarised as follows:
- Total outstanding share capital:
EUR 114,134,760.97
- Total outstanding voting
securities: 109,873,001
- Total outstanding voting rights
(denominator): 109,873,001
- Total outstanding convertible
bonds: 4.25% senior unsecured convertible bonds due 2018 for an
aggregate principal amount of EUR 29 million (the "2018
Convertible Bonds"), and 5.00% senior guaranteed unsecured
convertible bonds due 2022 for an aggregate principal amount of
EUR 115 million (the "2022 Convertible Bonds")
- Shares that can still be issued:
up to 13,544,984 new shares (each entailing one voting right) can
be issued upon the conversion of (a) all of the outstanding 2018
Convertible Bonds at their current conversion price of
EUR 21.28 per share, and (b) all of the outstanding 2022
Convertible Bonds at their current conversion price of
EUR 9.44 per share. The conversion prices of the 2018
Convertible Bonds and 2022 Convertible Bonds are subject to
adjustments.
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 six smelters, one fumer and four mining operations,
located in Europe, Australia and North America, and employs
approximately 4,100 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.
For further information
contact:
| Anthony
Simms |
Head of
Investor Relations |
T: +41 44
745 8157 |
M: +41 79
722 2152 |
E:
anthony.simms@nyrstar.com |
| Franziska
Morroni |
Head of
Communications |
T: +41 44
745 8295 |
M: +41 79
719 2342 |
E:
franziska.morroni@nyrstar.com |
The full press release can be downloaded from the
following link:
Press Release (English)
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
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
Nyrstar NV (EU:NYR)
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