Key Developments: Nyrstar SA (NYR.BR)

NYR.BR on Brussels Stock Exchange

19 Sep 2014
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€0.03 (+1.44%)
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Latest Key Developments (Source: Significant Developments)

Nyrstar launches 251.6 million euro one for one rights offering
Thursday, 11 Sep 2014 01:02am EDT 

Nyrstar:Launches a rights offering in the amount of 251,633,365.12 euros.To issue 170,022,544 new shares at a subscription price of 1.48 euro per new share.Each existing Share will entitle its holder to one non-statutory right.Each right entitles the bearer to one new share.Rights subscription period runs from Sept. 12 to Sept. 23.  Full Article

Nyrstar prices 350 million euros Notes Offering
Tuesday, 9 Sep 2014 10:28am EDT 

Nyrstar:Subsidiary Nyrstar Netherlands (Holdings) B.V. prices offering of 350 million euros Senior Notes due 2019.2019 Notes priced at 98.018 pct with coupon of 8.5 pct per annum.Issuance, subject to conditions, expected to occur on Sep. 12.  Full Article

Nyrstar announces capital increase through rights issue
Monday, 1 Sep 2014 01:01am EDT 

Nyrstar:Announces capital increase through the issuance of new ordinary shares with (non-statutory) preferential subscription rights for existing shareholders.Says rights offering of new shares for an expected amount of ca. 250 million euros with (non-statutory) preferential subscription rights for the existing shareholders.  Full Article

Nyrstar Lowers FY 2013 Zinc in Concentrate and Silver Production Guidance
Thursday, 24 Oct 2013 08:00pm EDT 

Nyrstar announced that it is lowering its full year 2013 zinc in concentrate production guidance to 265,000 - 280,000 tons (previously 300,000-340,000 tons). In addition, Nyrstar believes it is unlikely that full year 2013 silver guidance will be achieved and therefore lowers guidance to 4.7-4.9 million troy ounces (previously 5.25-5.75 million troy ounces).  Full Article

Nyrstar Enters Strategic Offtake and Marketing Agreement with Noble Group Limited Noble) to Market and Sell Zinc Metal
Tuesday, 1 Oct 2013 01:01am EDT 

Nyrstar announced that it has entered a strategic offtake and marketing agreement with Noble Group Limited (Noble) to market and sell a portion of commodity grade zinc metal produced at its European smelters. The Company has decided to make available 200,000 tonnes per annum of commodity grade zinc metal to Noble. The agreement has a term of four years, commencing on January 1, 2014. Nyrstar will receive market price plus a benchmark premium per tonne of zinc metal, with a profit sharing mechanism for any upside.  Full Article

Nyrstar Launches Offering of EUR 120 Million Convertible Bonds
Tuesday, 17 Sep 2013 02:01am EDT 

Nyrstar announced the launch of an offering of senior, unsecured convertible bonds, due 2018 for a principal amount of EUR 120 million. Goldman Sachs International is acting as Sole Global Coordinator and Joint Bookrunner, and J.P. Morgan Securities plc is acting as Joint Bookrunner. The offering amount may be increased to a maximum of EUR 135 million if the over-allotment option granted to the joint bookrunners is exercised in full at the latest on September 23, 2013. The bonds will be issued at 100% of their principal amount and are expected to have a coupon of between 4.00% and 4.50% per annum, payable semi-annually in equal instalments in arrear. The conversion price is expected to be set at a premium of between 30.0% and 35.0% of the volume weighted average price of the Company's ordinary shares on Euronext Brussels from launch to pricing. The bonds will be offered to institutional investors outside the United States.  Full Article

Nyrstar Announces Organisational Restructuring
Monday, 24 Jun 2013 01:00am EDT 

Nyrstar announced an organisational restructuring creating three distinct business segments: Mining, Metals Processing and Marketing, Sourcing & Sales. The restructuring results in an increased management committee, from five to seven people.  Full Article

Nyrstar NV Announces Proposed Gross Distribution
Thursday, 7 Feb 2013 01:01am EST 

Nyrstar NV announced that the Board of Directors will propose to shareholders at the Annual General Meeting to be held in Brussels on April 24, 2013 a gross distribution of EUR 0.16 per share and to structure the distribution as a capital reduction.  Full Article

Nyrstar pays up in spooked high-yield market

LONDON, Sept 12 (IFR) - Nyrstar took a brave step into the unknown as the first company to bring a debut euro high-yield deal after the summer break, but was forced to pay up and rewrite terms in an increasingly skittish market.

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