Nyrstar NV – Court suspends expert investigation and orders claimants to produce proof of share dealing
July 05 2021 - 1:00AM
Nyrstar NV – Court suspends expert investigation and orders
claimants to produce proof of share dealing
Nyrstar NV – Court suspends expert investigation
and orders claimants to produce proof of share dealing
5 July 2021 at 07.00 CEST
Nyrstar NV (the "Company") advises that an
interim judgment was issued on Friday 2 July 2021 in response to
the third party opposition lodged by Trafigura PTE Ltd. and
Trafigura Group PTE Ltd. against an earlier judgment dated 30
October 2020 ordering an expert investigation into certain of the
Company’s business transactions (the “Interim Judgment”).
In the Interim Judgment, the acting President of
the Antwerp Commercial Court has ordered the original claimants,
being certain minority shareholders of the Company amongst which
are Mr. Kris Vansanten and his companies (the “Minority
Shareholders”), to produce to the court a full overview of their
respective transactions in the Company’s shares. Further, the
acting President of the Antwerp Commercial Court has suspended the
expert investigation until the verdict is returned after the
hearing scheduled on 28 September 2021 in respect of the new
evidence submitted. The suspension of the expert investigation will
give the Minority Shareholders time to produce documentary proof of
their shareholdings and transactions in the Company and provide the
parties, including the Company, the opportunity to debate the legal
consequences of the new evidence, after which the court will take a
decision.
A detailed overview of the current proceedings
is available on the Company website at:
https://www.nyrstar.be/en/investors/restructuring/summary-of-ongoing-proceedings
About Nyrstar NVThe Company is
incorporated in Belgium and, following completion of the
recapitalisation/restructuring has a 2% shareholding in the Nyrstar
group. The Company is listed on Euronext Brussels under the symbol
NYR. For further information please visit the Nyrstar website:
www.nyrstar.be
For further information contact:
Anthony Simms - Head of
External Affairs and Legal M: +41 79
722 2152 anthony.simms@nyrstar.com
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